Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Lipper report finds that investors duck for cover in closing months of 2011 with ETFs experiencing negative flows

Friday, December 30, 2011

amb
Tom Roseen
By Beverly Chandler, Opalesque London:

Research conducted by Lipper Research shows that fund investors took fright over the closing months of 2011, becoming net purchasers of fund assets for November but still investing $53.3 billion into the conventional funds business. Money market funds were the most popular funds while ETFs took the biggest hit.

Tom Roseen, Head of Research Services at Lipper and research analyst Matthew Lemieux found that net inflows for bond funds (+$20.6 billion) and money market funds (+$54.9 billion) easily offset the $22.3-billion redemptions from stock & mixed-equity funds during the month of November.

Roseen reports that for the seventh consecutive month investors were net redeemers of USDE Funds, pulling out $13.4 billion. Large-cap funds (-$10.1 billion) experienced their thirtieth consecutive month of outflows. For November institutional investors once again made net purchases (+$2.7 billion) of World Equity Fund assets, while investors in loaded funds and no-load funds withdrew a net $3.8 billion and $2.7 billion, respectively. For the third consecutive month bond funds (+$20.6 billion) witnessed net purchases, and for the first month in four money market funds saw net inflows (+$54.9 billion).

Roseen put the gloomy picture for funds down to the difficulties in the investment markets. "Equity funds were on a wild rollercoaster ride during the month as new European debt concerns sent investors running toward the doors. Re......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1