Rebound May - US Monthly Fund Highlights - May 2020

Active long-term funds experienced a substantial rebound across May, gathering inflows of US$20.0 billion after net redemptions of US$18.8 billion in April. Mutual funds led for active funds with net commitments of US$14.1 billion while active ETFs gathered inflows of US$5.9 billion.

Passive funds continued to experience positive inflows in May, though at a reduced rate from April. Inflows into indexed mutual funds and ETFs totalled US$11.8 billion in May against US$32.8 billion in April.

Alternative and Commodity funds have experienced the highest inflows in the YTD period through May at US$27.6 billion, though this was predominantly through passive funds (US$38.6 billion). Passive Alternative funds gathered inflows of US$12.9 billion as index Commodity funds pulled in US$25.6 billion.

For the first time since the pandemic began, Money Market funds did not serve as the leading monthly inflow asset class. While they pulled in a respectable US$39.9 billion for May, this was well below the phenomenal levels gathered in March (US$663 billion) and April (US$392 billion).