Net flows of mutual funds and exchange-traded funds

Sources: Bloomberg, Investment Company Institute (ICI), and Wells Fargo Investment Institute. Data from January 1, 2014, to February 29, 2024. For illustrative purposes only. Negative values are shaded in red. 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. MF= mutual fund. ETF = exchange-traded fund. EM = emerging market. YTD = year to date.