Global funds’ AuM rises 1.3% in September

Assets under management (AuM) in global collective funds grew 1.3% in September, with most of the net new money being attracted by bond funds.

According to the Thomson Reuters Lipper’s Global Fund Market Statistics Report, global funds’ AuM rose to US$45.37 trillion (€38.55 trillion) at the end of the month.

It continues a successful year for bond funds, which provided most of the net new money for the year to date, accounting for US$628.6 billion, followed by equity funds and mixed-asset funds.

Estimated net inflows accounted for US$70.7 billion, while US$502.8 billion was added because of positively performing markets.

Included in the overall year-to-date asset change figure were US$1.40 trillion of estimated net inflows. Compared to a year ago, assets increased a “considerable” US$5.96 trillion. Included in the overall one-year asset change figure were US$1.58 trillion of estimated net inflows.

The average overall return in US-dollar terms was a positive 0.7% at the end of the reporting month, underperforming the 12-month moving average return by 0.1 percentage point and outperforming the 36-month moving average return by 0.5 percentage point.

The best performing funds for the month were equity funds followed by mixed-asset funds and real estate funds.

©2017 funds europe

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