Equity funds biggest losers in June

Funds managed by investment funds globally have increased by nearly $1 trillion this year including net new money and investment returns, although equity funds have suffered significant outflows.

Lipper data indicates that year-to-date at the end of June, assets increased by $998.9 billion (2.8%), despite $9.6 billion of net outflows. Equity funds were the biggest losers by far, losing $25.6 billion over the course of the month. Overall, equity funds have suffered net outflows of $115 billion since the beginning of the year.

Compared to the end of June last year, assets had decreased by $122 billion.

Net outflows in June were $27.8 billion, though in the 12 months to June 30, investment funds saw inflows of $467.7 billion.

Total assets under management by the industry at the end of June was $36.2 trillion.

Bond funds attracted the most net new money, both in June and since the beginning of the year, followed by commodity funds.

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