FYI: In a reversal from October where outflows from the MainStay Marketfield Fund dwarfed inflows into other liquid alternative funds and categories, the broader liquid alternatives category squeaked out positive inflows for November. In total, Morningstar’s Alternative category generated $254 million in net inflows, against a headwind of $1.6 billion of outflows from the MainStay Marketfield Fund. Breaking this down between active and passive funds, as shown in the table below, active funds had an outflow of $59 million while passive alternative funds had inflows of $313, primarily driven by inflows to trading strategies such as leveraged and inverse ETFs.
Regards,
Ted
http://dailyalts.com/despite-marketfield-outflows-liquid-alt-flows-positive-november/
