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Mutual fund assets reach new high in November

Mutual fund assets reached a new high of $10.8 trillion in November

December 30, 2013 8:56 IST | India Infoline News Service
In the December 2013 issue of The Cerulli Edge-U.S. Monthly Product Trends, Cerulli examines product development trends for 2014. December's Monthly Spotlight explores opportunities in liquid alternatives.

Highlights from this research:
Mutual fund assets reached a new high of $10.8 trillion in November. Monthly flows into mutual funds were again positive ($14.6 billion), yet they were slightly lower than the $17.8 billion in October.

Since June, ETF assets increased by 8.8% to total nearly $1.7 trillion through November. ETF net flows in November remained positive for a third month in a row, harvesting $71.9 billion since August.

Building and sustaining income-producing products is where firms -- especially legacy fixed-income managers -- face some of their greatest hurdles in 2014 and beyond. Managers' product development plans reflect changing investor preferences with unconstrained bond funds (23%) and bank loan funds (20%) topping their list of planned fixed-income launches.

In a recent Cerulli survey of investment consultants, the majority (72%) are using ETFs for liquidity management purposes. Additionally, more than one-quarter (28%) are employing ETFs for both short-term tactical opportunities and longer term strategic allocations.

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