Net flows of mutual funds (MFs) and exchange-traded funds (ETFs)

Sources: Bloomberg, Investment Company Institute (ICI), and Wells Fargo Investment Institute. Data from January 1, 2012 to August 31, 2022. For illustrative purposes only. Data represents net new cash flows of mutual funds and net issuance of shares of ETFs. Numbers rounded to the nearest whole number. For number of funds in each category according to ICI please refer to https://www.ici.org/research/stats/trends. For definitions and components of each category according to ICI please refer to https://www.ici.org/research/stats/iob_update/iob_definitions. EM = emerging market. YTD = year to date.

Key Takeaways

  • Investors increased their net equity, fixed-income, and cash holdings in 2021. With the exception of cash, that trend has held year to date.