US Monthly Fund Highlights - August 2020

Active long-term funds have continued a gradual recovery from the depths of early 2020, attracting net inflows of US$22.3 billion during August, a notable increase from the US$11.9 billion garnered during the prior month. Mutual funds regained a more substantial lead, pulling in net flows of US$16.7 billion compared to US$5.6 billion for active ETFs.

Passive long-term funds witnessed moderate inflows of $14.9 billion in August, down from the US$36.1 billion brought in during July thanks to a sharp divide between mutual funds and ETFs. Index ETFs gathered net inflows of US$22.9 billion in August after net deposits of US$36.4 billion in July. Mutual funds meanwhile saw outflows spike from US$348 million in July to US$8.0 billion in August.

Money Market funds continued a third straight month of net withdrawals during August at US$48.3 billion. While it was a sharp turnaround from earlier in 2020, these outflows were smaller compared to those seen in July (US$60.3 billion) and June (US$125.3 billion).