10.12.2016

ICI Reports Comobined Estimated Long-Term Flows and ETF Net Issuance

10.12.2016

ICI.org – Washington, DC -Total estimated outflows1 from long-term mutual funds and exchange-traded funds (ETFs) were $4.34 billion for the week ended October 5, 2016, the Investment Company Institute reported today. Estimated mutual fund outflows were $7.75 billion while estimated net issuance for ETFs was $3.40 billion. Reports of long-term flow estimates and ETF net issuance are available on the ICI website.

 

Estimated Fund Flows
Millions of dollars

  10/5/2016 9/28/2016 9/21/2016 9/14/2016 9/7/2016
Equity -11,821 4,227 -4,387 -2,750 -2,670
  Domestic -8,841 7,870 -2,903 -3,401 -2,060
  World -2,980 -3,643 -1,484 651 -610
Hybrid -1,539 -507 -541 -1,545 -873
Bond 9,124 7,776 6,474 996 6,744
  Taxable 8,192 6,659 5,594 196 5,504
  Municipal 933 1,118 880 800 1,240
Commodity -105 325 533 -898 458
Total -4,341 11,822 2,079 -4,198 3,660

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 $11.82 billion for the week, compared to estimated inflows of $4.23 billion in the previous week. Domestic equity funds had estimated outflows of $8.84 billion, and world equity funds had estimated outflows of $2.98 billion.

Hybrid funds2—which can invest in stocks and fixed-income securities—had estimated outflows of $1.54 billion for the week, compared to estimated outflows of $507 million in the previous week.

Bond funds2 had estimated inflows of $9.12 billion for the week, compared to estimated inflows of $7.78 billion during the previous week. Taxable bond funds saw estimated inflows of $8.19 billion, and municipal bond funds had estimated inflows of $933 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 $105 million for the week, compared to estimated inflows of $325 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

Related articles

  1. TMX Aims to Keep Retail Flow in Canada

    The dual launch comes after Cboe's acquisition of NEO, a Canadian stock exchange operator.

  2. The round makes 21.co Switzerland’s largest crypto unicorn with a valuation of $2bn.

  3. Brieuc Louchard has joined AXA IM as Head of ETF Capital Markets from Euronext where he was Head of ETF.

  4. BlackRock estimates bond ETFs will reach $5 trillion in assets by the end of the decade.

  5. From The Markets

    Vanguard Expands ESG ETFs

    The launches are the start of the next stage in building out a suite of “building block” ESG ETFs.