Bringing you live news and features since 2006 


Long-term mutual funds and ETFs attract USD9bn of new cash during September


Long-term mutual funds and exchange-traded funds (ETFs) attracted USD9.0 billion of new investor cash during September, according to Morningstar. 

Active taxable-bond funds registered their most significant monthly outflow since June 2013, USD18.7 billion, spurred by the 26 September announcement of Bill Gross’ departure from PIMCO.
Outflows from PIMCO Total Return aside, taxable-bond funds have otherwise seen relatively consistent inflows year to date. Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund and net flow for ETFs by computing the change in shares outstanding.
Active and passive US equity fund flows continued to move in opposite directions in September—active US equity funds saw outflows for the seventh consecutive month, and passive US equity funds collected inflows for the eighth consecutive month.
Among passive funds, all categories except commodities funds saw inflows in September, most notably US and international-equity offerings. Total passive flows were larger than total active flows for the seventh straight month.
The three active funds with the heaviest outflows during the month were PIMCO funds formerly managed by Bill Gross, which lost a little more than USD23.3 billion. Two intermediate-term bond funds that appeared to be reaping the benefits of investors seeking alternatives to PIMCO include Metropolitan West Total Return Bond, which has a Morningstar Analyst Rating of Gold, and unrated Fidelity Series Investment Grade Bond. On the passive side, Vanguard Total Bond Market Index also collected large sums of fixed-income-oriented money.

Latest News

The August data from LSEG Lipper shows that the global ETF industry held USD10,547.4 billion in assets under management on..
HANetf has announced that their European Green Deal UCITS ETF (ticker: EUGD) has reached USD52 million (EUR49.9 million) in assets..
Legal & General Investment Management (LGIM) has announced the launch of the L&G Global Brands UCITS ETF. The firm writes..
Vienna Stock Exchange has launched three new thematic indices: CECE Reshoring, CECE Commodity Producers and CECE Clean Energy, writing that..

Related Articles

John Ciampaglia, Sprott Asset Management
Geo-political tensions and concerns about hitting clean energy targets have brought the focus back onto nuclear power in recent months,...
Nick King, Robeco
Europeam investment management giant Robeco has announced the appointment of Nick King as Head of Exchange Traded Funds (ETFs), in...
Kristof Gleich, Harbor Capital
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But...
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by