Govt funds see most outflows - US Fund Monthly Highlights - April 2017

Long-term mutual funds and ETPs experienced net deposits of US$50.6 billion in April, a decline from the US$67.3 billion in net new flows seen in March. Passive strategies accounted for April’s positive net new flows at US$51.8 billion (including US$34.2 billion to ETPs). Active long-term funds experienced US$1.2 billion in net outflows in April.

Taxable Bonds experienced the highest monthly net deposits among long-term funds at US$27.2 billion. The fund type saw positive net demand across both passive (US$15.2 billion) and active funds (US$11.9 billion) during the month. Tax-Free Bond funds experienced minor inflows of US$3.2 billion in April.

International Equity funds saw an increase in net inflows in April at US$17.6 billion, compared to US$16.7 billion in net new flows in March. Flows into Domestic Equity funds remained positive at US$2.6 billion, but this represented a decrease from the US$10.0 billion seen in March.

Money Market funds saw stronger net redemptions in April from both Taxable Money Market funds (US$22.9 billion) and Tax-Free Money Market funds (US$2.2 billion) than they had in March. Government Money Market funds were the largest contributor to outflows in Money Market funds at US$17.0 billion.