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Long-only asset managers reporting to eVestment had Q1 2020 institutional assets under management (AUM) of $28.3 trillion at the end of last quarter. Net institutional flows totaled +$59.9 billion in the most recent quarter and -$117.7 billion over the last four quarters.

Fixed income strategies experienced dramatic institutional outflows in Q1 2020. U.S. bond managers saw redemptions of -$162.6 billion, of which -$111.3 billion came from active strategies and -$51.3 billion from passive strategies. Non-U.S. fixed income strategies also saw outflows: -$60.8 billion from active non-U.S. strategies and -$47.9 billion from passive non-U.S. strategies.

Cash management strategies, excluded from the figures mentioned above and from the charts in the report, were big winners in institutional investment flow, gaining +$332.0 billion during the quarter.

Active equity strategies experienced institutional outflows of -$80.9 billion in the first quarter of 2020, with -$51.0 billion coming out of active U.S. and -$29.9 billion from active non-U.S. managers. Passive equity strategies, on the other hand, saw extensive capital inflows during the quarter. Fresh allocations to passive equity strategies totaled +$110.6 billion in Q1 2020. Passive U.S. equity strategies saw institutional inflows of +$49.4 billion, while passive non-U.S. strategies saw inflows of +$61.2 billion.

Asset flows trends from some major regions around, according to the new eVestment report, included:

· U.K.-domiciled investors allocated +$2.2 billion to U.K. fixed income strategies and +$0.7 billion to U.K. equity strategies in Q1 2020; the U.K. fixed income segment actually registered outflows when excluding U.K. cash management strategies. Europe fixed income managers also saw inflows of +$1.6 billion from U.K. investors during the quarter.

· Europe ex-U.K.-domiciled investors redeemed a total of -$90.1 billion from long-only strategies in Q1 2020. U.S. and global fixed income managers bore the brunt of outflows during the quarter with redemptions measuring -$45.8 billion and -$24.1 billion, respectively.

· Asia ex-Japan-domiciled investors were net allocators to a number of strategies in Q1 2020, but those, notably, did not include managers investing in domestic markets. Asia-Pacific equity strategies saw outflows of -$0.5 billion from this group of investors. Asia-Pacific fixed income, similarly, saw outflows of -$0.6 billion. U.S. equity and fixed income managers saw the largest inflows from Asia ex-Japan investors, +$4.5 billion and +$3.2 billion, respectively, during the past quarter.