j.p. 摩根-美股-资产管理行业-美国资产管理十月流动性与业绩：美国股权外流仍然存在

《j.p. 摩根-美股-资产管理行业-美国资产管理十月流动性与业绩：美国股权外流仍然存在》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、Completed13Nov201712:20AMESTDisseminated13Nov201712:37AMESTNorthAmericaEquityResearch13November2017U.S.AssetManagersOct.MonthlyFlowsandPerformance--SolidMonth,butUSActiveEquityOutflowsPersist.OctoberwasasolidmonthforthemutualfundindustrywithnetfundsalesofBrokers,

2、AssetManagers&$57bn.Equityfundsgeneratednetsalesof$22.1bn,thehighestlevelinfourExchangesmonths.Fixedincomefundsgeneratedrobustsalesof$43.0bn,thehighestlevelsACKennethB.Worthington,CFAthereinmorethanthreeyears.Moneyfundsgeneratedmoderateoutflowsof(1-212)622-6613$7

3、.6bningenerallywhatisaseasonallygoodmonth.Indexfundscontinuetokenneth.b.worthington@jpmorgan.comdominatewithnearlyallofthe$65bnoflong-termfundsalesgeneratedbyBloombergJPMAWORTHINGTONpassiveproductsandthemanagersgatheringthemajorityoftheassetscontinuetoWilliam

4、VCuddy,CFAbethelargepassiveandETFmanagers,Vanguard,BlackRock,StateStreetand(1-212)622-6454Schwab.william.v.cuddy@jpmorgan.comJennyNiIndexfunddominatesales.Indexfundsgenerated$64.4bnofsalescompared(1-212)622-6495withjust$0.6bnforactive.ActiveUSEquitycontinuestobe

5、thebiggestsourcejenny.ni@jpmorgan.comofoutflowswith$23bninOctobercomparedto$25.9bnofinflowsforPassiveJ.P.MorganSecuritiesLLCUSEquityfunds.InternationalEquityfundsalesarealsodominatedbypassive,withPassiveInternationalgenerating$18.8bnofinflows.ActiveInternationali

6、sn’tseeingtheoutflowstotheextentasisActiveUS,butInternationalActivesalesarerunningatbreakevenwithjust$350mnofinflowsinOctober.Through2015,ActiveInternationalEquityfundscontinuedtogeneratestrongsales.Theonlysegmentofactiveinvestingthatisaconsistentgeneratorofposit

7、ivesalesisfixedincome.Here,ActiveFixedIncomehadsalesof$21.2bninOctoberwhilePassiveFixedIncomegeneratedsalesof$19.2bn.BlackRockv.Vanguard.Vanguardcontinuestodominatefundsales,with$16bnoflargelypassivemutualfundsvs.BlackRockatbreakeven.However,BlackRockisthedomina

8、ntmanagerofETFs.Here,BlackRockgeneratedETFsalesof$19bninOctobervs.Vanguardat$14bn.StateStreethas$8bnofsaleswhileSchwabsold$2bn.BlackRock’sCoreETFSeriesdominate