Long-term fund outflows moderate - Monthly US Fund Highlights - May 2019

Active long-term funds continued to experience outflows in May, albeit at a significantly moderated pace. Net outflows totaled US$2.3 billion, compared to the more drastic US$16.7 billion in outflows seen in April.

Net deposits into passive funds saw significant pullback during May, as inflows totaled US$6.3 billion against US$51.9 billion in April. This decline occurred across asset classes, but was seen most strongly among ETFs.

Taxable Bond funds remained the leading inflow segment across the entire market in the year-to-date period through May, garnering combined active and passive flows of US$156.1 billion. Municipal Bond funds saw the second highest aggregate at flows at US$43.2 billion.

Money Market funds experienced their strongest monthly increase in net flows since 2011. Inflows totaled US$79.9 billion in May after outflows of US$18.7 billion in April.