Sources: FactSet and Wells Fargo Investment Institute. Data from January 1, 2012 to February 28, 2022. For illustrative purposes only. Data compiled by Investment Company Institute (ICI). 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_02_22. 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.
- Investors increased their net equity, fixed-income, and cash holdings in 2021.
- On net, investors have increased their U.S. equity allocations this year, reversing an ongoing trend since 2015.