Since 2002, there have been $1.4tn inflows to passive ETFs vs $1.0tn redemptions from active mutual funds.
>>> Asset Class Flows
- Equities: $5.6bn inflows (largest in 7 weeks) ($4.2bn mutual fund outflows vs $9.9bn ETF inflows)
- Bonds: $9.3bn inflows (largest in 7 weeks) (inflows in 12 of past 13 weeks)
- Precious metals: $0.7bn inflows (largest in 7 weeks)
- Money-markets: $5.7bn outflows
>>> Equity Flows
- Japan: strong $2.2bn inflows (largest 3w inflows in 8 months)
- EM: $1.0bn inflows (inflows in 12 of past 13 weeks)
- Europe: $1.9bn outflows (record 34 straight weeks of outflows)
- US: $4.2bn inflows (largest in 7 weeks)
- By sector: largest healthcare inflows ($0.5bn) in 11 months; chunky $1.0bn inflows to REITs
>>> Fixed Income Flows
- Largest inflows to HY bond funds in 11 weeks ($2.9bn)
- 13 straight weeks of inflows to EM debt funds ($2.4bn)
- $3.2bn inflows to IG bond funds (inflows in 29 of past 30 weeks)
- 12 straight weeks of outflows from Govt/Tsy funds ($1.0bn)
- 54 straight weeks of inflows to Munis ($0.7bn)
- 16 straight weeks of TIPS inflows ($0.2bn)