Regardless of investor pivots, IFIC says 2023 noticed some vivid spots for funds

Mutual fund property ended 2023 up 7% from the earlier 12 months to a complete of $1.9 trillion, whereas ETFs gained 22% year-over-year to complete the 12 months at $382 billion. Mutuals confronted file internet redemptions of $57.1 billion – the second consecutive 12 months of internet redemptions ($43.7 billion in 2022) whereas ETFs recorded internet gross sales of $37.6 billion.

Among the many vivid spots have been excessive curiosity funds with property for the mutual funds phase totalling $14.8 billion and for the ETF phase $22.5 billion. These funds’ internet gross sales accounted for 47% of all cash market gross sales for mutuals and 83% of all cash market funds for ETFs.

Accountable funding funds additionally had a very good 12 months with property of $40 billion for mutuals and $16.3 billion for ETFs, and internet gross sales of $538 million for mutuals and $4.8 billion for ETFs.

Different property have been additionally in demand with property of $20.2 billion for mutual funds and $12.6 billion for ETFs, with internet gross sales of $2.6 billion for mutuals and $2.4 billion for ETFs. Web gross sales improved from 2022 (each fund sorts noticed $1.8 billion) however manner beneath the super-sales in 2021 ($6 billion for mutuals, $8.3 billion for ETFs).

Total, balanced funds accounted for the most important single share of mutual funds property (47%) with equities in second place at 37%, whereas equities dominated ETF property at 61% with bonds second at 25%.

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