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Money Management

Traditional money managers see $177.4 billion in net outflows in Q2 — eVestment

Institutional investors pulled a net $177.4 billion from long-only asset managers during the second quarter, with active equities accounting for more than half the total, according to data provider eVestment in its quarterly traditional asset flows report.

Equity strategies overall had net outflows of $138.8 billion for the second quarter, of which active managers accounted for $94.8 billion and passive managers, the remainder.

Among active U.S. equity managers, net outflows totaled $52.6 billion, while passive U.S. equity managers saw $12.1 billion in net outflows. Updated comparison data for the first quarter was not provided.

Active non-U.S. equity managers, meanwhile, saw net outflows of $42.2 billion in the second quarter, compared to net inflows of $4.5 billion in the first quarter; and passive non-U.S. equity managers saw net outflows of $31.8 billion in the second quarter compared to net inflows of $800 million in the first quarter.

In fixed income, active U.S. managers saw net outflows of $36.5 billion in the second quarter, while active non-U.S. managers' early reporting shows $1.3 billion in net outflows during the second quarter. Among passive fixed income managers, both U.S. and non-U.S. managers experienced net inflows of $13.2 billion and $6.7 billion, respectively, for the second quarter. Updated comparison data for the first quarter was not provided.

The rest of the flows came from multiasset and cash management strategies.