Bringing you live news and features since 2006 

Mutual funds and ETFs close first half of 2023 on positive note: Cerulli Associates

RELATED TOPICS​

Cerulli Associates’ US Monthly Product Trends reveals that mutual funds closed the first half of 2023 on a positive note, growing 4.1 per cent to USD17.7 trillion. This is up nearly USD1 trillion from the February 2023 low of USD16.8 trillion.

Cerulli notes that the vehicle continues to suffer negative net flows as older investors draw down mutual fund holdings to fund their retirements, while new investments are diversified across other investment vehicles (e.g., ETFs, SMAs, CITs). 

ETFs also ended the first half on a positive note, experiencing a higher relative growth in assets during June (5.1 per cent) to reach USD7.3 trillion in total assets, Cerulli says. Investor demand for ETFs continues to present itself within net flow data as the vehicle added more than USD70 billion in positive net flows during June.

Significant differences exist between how segments within the affluent investor market make investment decisions. For instance, Advice Seekers consider a relatively broad range of options when searching for guidance on their investment journeys. 

This willingness to consider a wide variety of criteria and options highlights the opportunity for product providers to address this substantial segment with solutions outside their core lineup. 

Self-Directed investors are more likely to consider past performance in their analysis of mutual funds (63 per cent) than of ETFs (39 per cent), for which cost of the investment (42 per cent) is their leading concern. 

Within the large Advisor-Reliant market, advisor recommendation ranks first in the selection of both mutual funds (57 per cent) and ETFs (62 per cent), underscoring the absolute importance for asset managers to nurture their practice-level adviser relationships.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
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