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The Markets January 19, 2010
Global Fund Flows Reach 2007 Level
Progress in November helped bring year-to-date net flows worldwide to
$825 billion—reaching full-year gains made in 2007, according to data
from Strategic Insight (SI), an Asset International company.
Reported by PLANADVISER Staff
During the month of November, investors deposited $100 billion net globally into equity/mixed, bond and other long-term mutual funds, SI said in an announcement. Fixed-income products continued to dominate and accounted for two-thirds of the total year-to-date contributions, mostly driven by U.S. investors switching to higher-yielding investments (see “Bond Funds See Record Inflows in 2009”).
SI’s Global FlowWatch shows stock funds also attracted net new commitments of $225 billion through November 2009, according to the announcement.
Money-market programs experienced net redemptions in all regions except for Asia during this period, totaling $590 billion of outflows worldwide.
The full report is available to registered users at www.sionline.com.
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