Global funds AUM hits $42.7trn in May

Jonathan Boyd
clock • 1 min read

The value of assets in collective investment funds globally stood at $42.68trn (€38.3trn) at the end of May, following an increase in AUM of $775.8bn (€696bn), according to data published by Thomson Reuters Lipper.

Net inflows through the month were some $100bn, with the remaining AUM uplift accounted for by market performance. Assets increased by some $3.55trn from the start of 2017, of which net inflows were $594.7bn.

Compared to a year ago, assets increased by nearly 13%, or $4.88trn, of which $1.15trn represents net inflows.

By asset type, bond funds accounted for the bulk of net new inflows in May, some $69bn. Mixed asset funds took in $19.5bn, while equity funds attracted $11.2bn. Net outflows were experienced by ‘other’ funds and commodity funds, although property funds saw flat flows. However, the ‘other’ funds category also saw the best returns over the month, at 2.6%, compared with returns from equity funds of 2.3% and alternatives funds at 1.8%.

Broken down according to Lipper’s fund classification, the May data saw the biggest net inflows head towards the Euity Global ex US category of funds – $14.4bn – while the largest net outflows hit Equity US Income $-9.1bn

Year-to-date to the end of May, the data suggests that bond funds attracted the biggest share of net inflows at $363.2bn, while equity funds attracted inflows of $155.9bn and mixed asset funds attracted $99.5bn.

Bond funds also attracted the largest share of net new money over the past 12 months, of some $670.7bn. Equity funds attracted a net $188.3bn, while money market funds saw $136.5bn in net inflows.