Assets under management in the global funds market grew 2.6% in July to US$44.42 trillion (€37.96 trillion), according to data from Thomson Reuters Lipper.
Estimated net inflows accounted for $130.7 billion, while $993.8 billion was added because of positively performing markets.
Included in the overall year-to-date asset change figure were $946.3 billion of estimated net inflows.
Compared to a year ago, global assets under management increased $5,380.9 billion or 13.8%.
Included in the overall one-year asset change figure were $1,339.7 billion of estimated net inflows.
The average overall return in US dollar terms was a positive 2.8% at the end of July, outperforming the 12-month moving average return by 2.0 percentage points and outperforming the 36-month moving average return by 2.7 percentage points.
Most of the net new money for July went into bond funds ($60.1 billion), money market funds ($43.4 billion) and mixed-asset funds ($16.6 billion).
“Other” funds, with a negative $4.6 billion, were at the bottom of the table for July, bettered by commodity funds and real estate funds, at $2.1 billion of net outflows and $0.2 billion of net inflows respectively.
All asset types posted positive average returns for the month, with equity funds at 3.2%, followed by commodity funds and mixed-asset funds, both at 3.1%.
Money market funds, at 1.8%, bottom-performed, bettered by real estate funds and alternatives funds which both saw returns of 2.1%.
Most of the net new money for the year to date was attracted by bond funds, accounting for $464.3 billion, followed by equity funds and mixed-asset funds, with $229.2 billion and $135.7 billion of net inflows respectively.
“Other” funds, with a negative $0.5 billion, were at the bottom of the table for the year to date, bettered by commodity funds and real estate funds, with $3.6 billion of net inflows and $4.4 billion of net inflows, respectively.
All asset types posted positive returns for the year to date, with equity funds at 15.4%, followed by “other” funds and mixed-asset funds, with 11.1% and 10.9% average returns respectively.
Commodity funds, at 2.9%, bottom-performed, bettered by money market funds and alternatives funds, at positive 7.1% and positive 8.3% respectively.
Most of the net new money for the one-year period was attracted by bond funds, accounting for $639.5 billion, followed by equity funds and money market funds, with $294.7 billion and $198.8 billion of net inflows, respectively.
The largest net outflows among fund classifications over the last 12 months were from UK equities, with a negative $36.4 billion.
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