U.S. Leads in Mutual Fund Flows Year-to-Date

U.S. funds led the way with $384 billion in net inflows for the year, followed by International/Offshore with $259 billion. Europe Local funds took in $86 billion, while Asia funds posted net inflows of $56 billion. 

Money-market funds saw year-to-date outflows of $750 billion.  

According to SI’s Global Mutual Fund FlowWatch report, U.S. Equity funds have pulled in a net $73 billion for the year, and International/Offshore Equity funds have posted a net inflow of $59 billion.  However, Europe Local equity funds and Asia equity funds lost ground with net outflows of $2 billion and $16 billion, respectfully. 

Bond funds were the strongest contenders during the year, with U.S. bond funds posting a net $305 billion year-to-date and International/Offshore bond funds gaining $160 billion. Europe Local bond funds pulled in $22 billion and Asia bond funds posted a net $65 billion inflow so far this year. 

Globally, more than $100 billion of new money went to long-term mutual funds during October, which were almost evenly split between fixed income products ($55 billion) and equity/mixed funds ($47 billion). On a regional level, the U.S. still led contributions and garnered $49 billion in flows, closely followed by Europe (including International/Offshore) with $47 billion. Long-term fund flows to Asia were flat, at $4 billion. Money-market funds worldwide saw over $30 billion in net redemptions during the month.