©2025
Bianco Research, L.L.C. All rights reserved.
This material is for your private information, and we are not soliciting any action based upon it. This material should not be redistributed or replicated in any form without prior consent of Bianco Research. The material is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such.
|
|
|
|
|
The Investment Company Institute recently released its data on mutual fund and ETF flows through August 2022.
In past years we highlighted the world’s aging population and its need for low-risk investments, noting that inflows into bond mutual funds and ETFs topped those of stock funds over the past decade. This divergence really began accelerating in the past few years. In fact, since the Fed began quantitative easing in 2009, stocks returned 574% on a total return basis while the U.S. Aggregate Index returned 41%. Despite this discrepancy in returns, bond funds have seen inflows of $3.19 trillion compared to stock funds’ inflows of $500 billion.
General Overview:
The table below shows the combined flows and assets of the major categories of mutual funds and ETFs.
The chart below shows the combined flows and assets of all long-term mutual funds and ETFs.