Money market funds continue to attract interest - US Monthly Fund Highlights - October 2019

Active outflows moderated slightly during October, with net redemptions of US$9.2 billion compared to US$13.3 billion in September. While bond inflows increased within taxable and tax-free bond funds, International Equity outflows deepened across the month.

Passively-managed mutual funds and ETFs gathered strong inflows of US$39.4 billion during October, though this did not reach the levels of US$46.8 billion seen in September.

Aggregate long-term net inflows have been strongly concentrated in bond funds throughout the year. Taxable and tax-free inflows across active and passive funds totalled US$412.8 billion for the first ten months of the year.

Money Market funds have continued to attract levels of interest not seen since the last recession. Inflows totalled US$65.6 billion in October after US$66.1 billion in September. Their YTD net inflows of US$412.3 billion have been matched only by total bond flows.