Morningstar: 2015 fund flows down a third on 2014
Data published by Morningstar suggests global flows of mutual funds and exchange traded products fell by a a third during 2015 as compared to flows in 2014.
Reporting all figures in dollars, Morningstar said that total flows were $949bn, down from $1.4trn in the previous year. The US fund industry saw net flows of of $263bn, down from $580bn in 2014.
Europe saw a fall also in net flows, to $170bn from $195bn. And “Cross-Border” net flows fell to $301bn from $466bn.
Latin America and the Middle East even saw negative net flows, of $-4bn and $-7bn respectively through 2015.
However, Asia saw a rise in net flows, to $202bn from $87bn. Asia was by far the fastest growing region according to the organic growth rate measured by Morningstar; it rose over 18% through the year.
Total net assets of the funds covered by the data worldwide edged down to $28.898trn from $29.215trn in 2014.
Equity funds attracted the most flows, but the total was down in 2015 against 2014. Morningstar senior markets analyst Alina Lamy suggested factors for the overall fall in figures was down to factors such as growing uncertainty for markets worldwide, driven by changes to monetary policy, and slowing economic growth along with slumping commodities prices.
Morningstar’s report is based on assets reported for more than 3,800 fund groups in 82 domiciles. It represents more than 92,000 fund portfolios and more than 220,000 share classes.
Click here to read the report:2015_Global_Asset_Flows_Report