US Monthly Fund Highlights - June 2015 Report

Key highlights:

Net inflows to stock and bond mutual funds and exchange-traded products (ETPs) totalled US$8.5 billion in June. Long-term mutual funds saw net outflows of US$5.4 billion in aggregate during the month, while ETPs experienced roughly US$14 billion of net deposits.

 Investor demand in June was led by International Equity offerings, which attracted just under US$25 billion of net inflows in total across funds and ETPs (including US$8.7 billion to actively managed strategies). Longer-term, the US$170 billion deposited to International Equity funds and ETPs over the first half of 2015 represented the largest net inflows of any fund type by a wide margin.

Within the U.S. Equity space, Health (including biotech) strategies once again led net inflows to actively managed funds during June, garnering US$1.3 billion. Over the first half of 2015, such funds have attracted nearly US$10 billion of net deposits (the largest of any active U.S. Equity objective) – spurred by the category’s 35% weighted-average total returns during the one-year period ended in June.

Bond funds saw US$10.2 billion of net outflows in aggregate during June, with Taxable Bond offerings accounting for US$8.6 billion of net redemptions (including roughly US$10 billion from active strategies). Corporate High Yield funds, in particular, experienced US$7.7 billion of net outflows during the month.