Active long-term funds stay in net outflows - US Monthly Fund Highlights - April 2020

Active long-term funds remained in net outflows in April at US$19.1 billion. While those outflows extended across multiple asset classes, they were far from March’s record-setting outflows of US$303.4 billion.

Passive mutual funds and ETFs saw a recovery in flows that surpassed March’s outflows. Passive inflows totalled US$32.8 billion, compared to outflows of US$25.9 billion last month. ETFs led inflows for the month at US$36.0 billion, up from inflows of US$3.6 billion in March.

Heightened outflows from International Equity funds in April and a move towards commodities for safe haven plays made Alternative and Commodities funds the top inflow asset class of the year-to-date period through April at US$21.2 billion.

Money Market funds continued to experience phenomenally high inflows of US$391.6 billion in April, even as they did not quite match the heights seen in March’s US$663.2 billion. April inflows represented 9.4% of March 2020 assets. Taxable Money Market funds remained the biggest source of investor demand at US$341.1 billion.