Thomson Reuters Lipper U.S. Mutual Funds & ETPs Q2 2018 Snapshot

by: Tom Roseen

TNA in the conventional funds business (not including ETPs and variable insurance products [VIPs]) advanced, climbing $245.2 billion from Q1 2018 to $18.9 trillion for Q2 2018.

TNA in U.S. ETPs (including ETFs, ETNs, ETCs, limited partnership commodity pools, MLPs, and UITs) rose 2.46% from $3.449 trillion for Q1 2018 to $3.534 trillion for Q2 2018.

For Q2 actively managed funds, excluding money market funds, took in just $31 million net, while their passively managed counterparts attracted some $76.6 billion.

The multi-cap funds macro-group witnessed the largest absolute increase (+$73.3 billion) in TNA, rising 4.53% to just shy of $1.7 trillion, as investors turned their attention to U.S.-centric securities.

The small-cap ETPs macro-group experienced the largest relative (+13.75%) and absolute (+$26.7 billion) increases in TNA for Q2, jumping to a little more than $221 billion under management.

Picture Source: Reuters/Brendan McDermid. Traders work on the floor of the NYSE in New York

In this issue of Lipper’s U.S. Mutual Funds & Exchange-Traded Products Snapshot, we feature a summary of total net assets (TNA), estimated net flows, new fund creations, and fund liquidations for conventional funds and exchange-traded products (ETPs) for Q2 2018, comparing the changes to those of prior quarters and highlighting the largest individual gainers and losers of both groups. The Snapshot provides readers a powerful, easy-to-use guide and quick-reference tool to help them discern fund trends during the quarter.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.