09.21.2016

ICI Reports Combined Estimated Long-Term Fund Flows and ETF Net Issuance

ICI.org –Washington, DC – Total estimated outflows1 from long-term mutual funds and exchange-traded funds (ETFs) were $4.10 billion for the week ended September 14, 2016, the Investment Company Institute reported today. Estimated mutual fund outflows were $2.30 billion while estimated negative net issuance for ETFs was $1.80 billion. Reports of long-term flow estimates and ETF net issuance are available on the ICI website.

 

Estimated Fund Flows Millions of dollars

  9/14/2016 9/7/2016 8/31/2016 8/24/2016 8/17/2016
Equity -2,737 -2,665 -910 -6,630 -434
  Domestic -3,389 -2,055 -127 -4,490 -2,317
  World 651 -610 -783 -2,141 1,884
Hybrid -1,524 -872 58 -71 234
Bond 1,059 6,841 2,460 6,406 8,909
  Taxable 259 5,601 1,186 4,914 7,107
  Municipal 800 1,240 1,274 1,492 1,802
Commodity -898 458 -601 -252 -411
Total -4,100 3,761 1,007 -548 8,298

Note: Components may not add to the total because of rounding. Includes funds not registered under the Investment Company Act of 1940.

Equity funds2 had estimated outflows of $2.74 billion for the week, compared to estimated outflows of $2.67 billion in the previous week. Domestic equity funds had estimated outflows of $3.39 billion, and world equity funds had estimated inflows of $651 million.

Hybrid funds2—which can invest in stocks and fixed-income securities—had estimated outflows of $1.52 billion for the week, compared to estimated outflows of $872 million in the previous week.

Bond funds2 had estimated inflows of $1.06 billion for the week, compared to estimated inflows of $6.84 billion during the previous week. Taxable bond funds saw estimated inflows of $259 million, and municipal bond funds had estimated inflows of $800 million.

Commodity funds2—which are ETFs (both registered and not registered under the Investment Company Act of 1940) that invest primarily in commodities, currencies, and futures—had estimated outflows of $898 million for the week, compared to estimated inflows of $458 million in the previous week.

 

Notes: Weekly fund flows are estimates that represent industry totals, based on reporting covering more than 98 percent of mutual fund and ETF assets. Actual mutual fund net new cash flows and ETF net issuance are collected and reported separately on a monthly basis; therefore, there are differences between these weekly estimates and the monthly flows. Data for previous weeks reflect revisions because of data adjustments, reclassifications, and changes in the number of funds reporting. Historical flow data are available on the ICI website.

1 Mutual fund data represent estimates of net new cash flow, which is new sales minus redemptions combined with net exchanges, while exchange-traded fund (ETF) data represent net issuance, which is gross issuance less gross redemptions. Data for mutual funds that invest primarily in other mutual funds and ETFs that invest primarily in other ETFs were excluded from the series.

2 ICI classifies mutual funds and ETFs based on language in the fund prospectus. For a detailed description of ICI classifications, please see ICI Open-End Investment Objective Definitions or ICI ETF Investment Objective Definitions.

 

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