November deposits fall - US Monthly Fund Highlights - November 2017 Report

01 PFL 2017 US Monthly Fund Highlights.png

Long-term mutual funds and ETPs experienced net deposits of US$40.6 billion in November, a significant fall from the US$73.4 billion in net new flows seen in October. Passive strategies accounted for the positive net flows among long-term funds at US$44.1 billion, while active funds experienced net redemptions of US$3.5 billion.

Taxable Bond funds led flows among long-term funds during the month at US$26.4 billion, though this was down from October’s US$40.4 billion. Active Taxable Bond funds saw net inflows of US$13.8 billion in November, a slight lead over the US$12.5 billion seen by passive Taxable Bond funds. Flows into Tax-Free Bond funds fell in November to US$2.0 billion from US$2.6 billion in October and US$3.1 billion in September.

Equity funds saw a decline in net sales during November to US$12.2 billion, from US$30.4 billion in October. International Equity fund flows slid to US$17.7 billion, from US$19.1 billion last month. US Equity funds suffered net outflows of US$5.5 billion, following net inflows of US$11.3 billion in October.

Money Market funds experienced the strongest growth during November, gathering US$56.2 billion in net deposits (following net redemptions of US$7.6 billion last month). Taxable Money Market funds led this growth, increasing net inflows to US$55.7 billion from October’s outflows of US$8.4 billion. Tax-Free Money Market funds saw net flows decrease slightly to US$473 million from US$805 million last month.