Overseas equity strategies enjoyed the strongest inflows for the quarter ended Sept. 30, while U.S. small-cap value equities and international fixed income saw the biggest outflows, according to eVestmentAlliance.
The report on third-quarter global asset flows showed international small-cap equity strategies and Pacific basin ex-Japan equity strategies enjoying net inflows that came to more than 5% of their overall assets at the beginning of the three-month period, with emerging markets equities, core-plus fixed income and corporate fixed income garnering strong interest as well.
On the losing side, U.S. small-cap value equities saw net outflows of roughly 4%, with international fixed income and long-duration fixed income losing between 2% and 3% over the quarter.
Money managers reporting their assets to eVestmentAlliance saw net inflows of $160 billion for the 12 months through Sept. 30, with $70 billion coming in the third quarter alone, nearly twice the total for the second quarter.
Meanwhile, the survey’s “institutional peer group sample” of firms providing detailed information on performance and fees for mostly U.S. institutional clients reported net inflows as a group for the first time this year, “with U.S. institutions placing a net $57 billion in new mandates, mostly in fixed income and emerging markets,” the report said.
