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Lipper Mutual Fund Category Performance Report: + Lipper Yardsticks & Indexes: As 8/11/16
AUGUST 12, 2016 U.S. Fund-Flows Report: Equity Mutual Funds Suffer Twenty-Second Consecutive Week Of Outflows by Patrick Keon lipperalpha.financial Thomson Reuters Lipper’s fund macro-groups (including both mutual funds and exchange-traded funds [ETFs]) experienced net outflows just shy of $800 million for the fund-flows week ended Wednesday, August 10. Equity funds (-$3.8 billion) and money market funds (-$3.0 billion) were responsible for the net outflows, while taxable bond funds (+$5.2 billion) and municipal bond funds (+$871 million) each took in net new money. Equity mutual funds continued their slump. The group suffered its twenty-second consecutive week of net outflows (-$4.4 billion this past week). The inflows for taxable bond funds went mostly into ETFs (+$3.5 billion net), and mutual funds benefited from $1.7 billion of net new money. Within the ETF universe high-yield had positive funds flow (+$1.3 billion) and high-yield mutual funds took in $391 million of net new money.
The streak for municipal bond funds hit 45 weeks of positive flows, the third longest of all time, http://lipperalpha.financial.thomsonreuters.com/2016/08/u-s-fund-flows-report-equity-mutual-funds-suffer-twenty-second-consecutive-week-of-outflows/ AUGUST 12, 2016 Fidelity Equity Funds Also Feel the Pain by Patrick Keon Equity mutual funds are in the midst of their worst run since the global financial crisis. The group has seen money leave its coffers for 22 consecutive weeks—to the tune of $87 billion of net outflows. One of the name players in the mutual fund industry, Fidelity Management & Research Company, has not been able to escape the investor sentiment; their equity funds have shed $22.5 billion for the year to date. If this pace continues, Fidelity equity funds will record their largest annual net outflows since Thomson Reuters Lipper began tracking fund flows data in 1992, The negative flows have been fairly widespread for the year to date, with 11 funds having net outflows of greater than one billion dollars each. Ten of these funds are diversified equity funds, while one is a sector equity fund (Fidelity Select Biotechnology Portfolio, -$1.5 billion). In the diversified equity fund group nine of the ten are domestic equity funds; the one nondomestic equity fund is Fidelity Diversified International Fund, which has shed $1.9 billion. The largest net outflows for the year so far among Fidelity’s equity funds belong to Fidelity Contrafund (-$3.7 billion), Fidelity Growth Company Fund (-$2.9 billion), and Fidelity Strategic Advisers Core Fund (-$2.6 billion). These are all actively managed funds, with the Contrafund being run by William Danoff, Steven Rymer in charge of the Growth Company Fund, and John Stone and Niall Devitt leading the Strategic Advisors Core Fund. Interestingly, the largest net inflows for the year to date for Fidelity equity funds belongs to Fidelity 500 Index Fund (+$3.3 billion), offering ( more ) evidence that investors may prefer passively managed over actively managed funds for their U.S. equity fund investment choices. http://lipperalpha.financial.thomsonreuters.com/2016/08/fidelity-equity-funds-also-feel-the-pain/
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U.S. Fund-Flows Report: Equity Mutual Funds Suffer Twenty-Second Consecutive Week Of Outflows
by Patrick Keon lipperalpha.financial
Thomson Reuters Lipper’s fund macro-groups (including both mutual funds and exchange-traded funds [ETFs]) experienced net outflows just shy of $800 million for the fund-flows week ended Wednesday, August 10. Equity funds (-$3.8 billion) and money market funds (-$3.0 billion) were responsible for the net outflows, while taxable bond funds (+$5.2 billion) and municipal bond funds (+$871 million) each took in net new money.
Equity mutual funds continued their slump. The group suffered its twenty-second consecutive week of net outflows (-$4.4 billion this past week).
The inflows for taxable bond funds went mostly into ETFs (+$3.5 billion net), and mutual funds benefited from $1.7 billion of net new money. Within the ETF universe high-yield had positive funds flow (+$1.3 billion) and high-yield mutual funds took in $391 million of net new money.
The streak for municipal bond funds hit 45 weeks of positive flows, the third longest of all time,
http://lipperalpha.financial.thomsonreuters.com/2016/08/u-s-fund-flows-report-equity-mutual-funds-suffer-twenty-second-consecutive-week-of-outflows/
AUGUST 12, 2016
Fidelity Equity Funds Also Feel the Pain
by Patrick Keon
Equity mutual funds are in the midst of their worst run since the global financial crisis. The group has seen money leave its coffers for 22 consecutive weeks—to the tune of $87 billion of net outflows.
One of the name players in the mutual fund industry, Fidelity Management & Research Company, has not been able to escape the investor sentiment; their equity funds have shed $22.5 billion for the year to date. If this pace continues, Fidelity equity funds will record their largest annual net outflows since Thomson Reuters Lipper began tracking fund flows data in 1992,
The negative flows have been fairly widespread for the year to date, with 11 funds having net outflows of greater than one billion dollars each. Ten of these funds are diversified equity funds, while one is a sector equity fund (Fidelity Select Biotechnology Portfolio, -$1.5 billion). In the diversified equity fund group nine of the ten are domestic equity funds; the one nondomestic equity fund is Fidelity Diversified International Fund, which has shed $1.9 billion.
The largest net outflows for the year so far among Fidelity’s equity funds belong to Fidelity Contrafund (-$3.7 billion), Fidelity Growth Company Fund (-$2.9 billion), and Fidelity Strategic Advisers Core Fund (-$2.6 billion). These are all actively managed funds, with the Contrafund being run by William Danoff, Steven Rymer in charge of the Growth Company Fund, and John Stone and Niall Devitt leading the Strategic Advisors Core Fund. Interestingly, the largest net inflows for the year to date for Fidelity equity funds belongs to Fidelity 500 Index Fund (+$3.3 billion), offering ( more ) evidence that investors may prefer passively managed over actively managed funds for their U.S. equity fund investment choices.
http://lipperalpha.financial.thomsonreuters.com/2016/08/fidelity-equity-funds-also-feel-the-pain/