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By Tom Roseen Despite a jump in the VIX and ongoing global uncertainty, total net assets (TNA) in the conventional funds business (not including exchange-traded products [ETPs] and variable insurance products [VIPs]) remained above the $15-trillion mark for the fifth consecutive quarter. During Q2 2015 investors continued to shun U.S. equities, causing the multi-cap funds macro-group to suffer the largest relative (-8.61%) and absolute (-$110.4 billion) decline in total assets under management from the prior quarter-end. With the European Central Bank’s (ECB’s) providing quantitative easing during the first half of the year and U.K. stocks getting a big lift after David Cameron’s conservative party won its reelection bid in May, the developed international markets funds macro-group experienced the largest relative (+3.06%) and absolute (+$50.5 billion) increase in TNA for the quarter. TNA in U.S. ETPs remained above the $2.0-trillion mark for the third consecutive quarter. The long-term taxable bond ETPs macro-group witnessed the largest relative decline (-5.29%) in total assets under management from the prior quarter-end, while U.S. Diversified Equity ETPs experienced the largest absolute decline (-$19.0 billion) in TNA for the quarter. The developed international markets ETPs macro-group experienced the largest relative (+11.52%) and absolute (+$33.9 billion) increase in TNA for the quarter. In the current quarter’s issue of Lipper’s U.S. Mutual Funds and Exchange-Traded Products Snapshot, we feature a summary of total net assets, estimated net flows, and new fund creations for conventional funds and exchange-traded products for Q2 2015, comparing those changes to prior quarters and highlighting the largest individual gainers and losers of both groups. Lipper’s U.S. Mutual Funds and Exchange-Traded Products Snapshot provides readers a powerful, easy-to-use guide and quick reference tool to help them discern fund trends for the quarter. If you’d like to read the entire Q2 2015 Fund Industry Insight Report with all its tables and charts, please click here . Share this article with a colleague Scalper1 News
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