The institutional money management industry reported $158.7 billion in net outflows in the fourth quarter, following $87.2 billion in outflows in the third quarter, said eVestment's quarterly report on global institutional asset flows.
Fixed-income strategies reported net outflows totaling $23.1 billion during the fourth quarter, following net outflows of $59.6 billion during the third quarter.
Those outflows were driven by emerging markets debt, which reported $18.9 billion in net outflows in the fourth quarter, following $9.8 billion in net outflows in the third quarter. U.S. bonds saw their net outflows for the fourth quarter decrease to $1.6 billion in the fourth quarter following $29.7 billion in net outflows during the third quarter.
Global bonds, meanwhile, had net inflows of $10.9 billion in the fourth quarter.
Equity strategies in the fourth quarter totaled $125.1 billion in net outflows in the fourth quarter, making it the 11th consecutive quarter of net outflows as measured by eVestment. Both domestic and global equities reported significant redemptions for the quarter, reporting $71.7 billion and $23.9 billion, respectively, in net outflows.
Europe Australia Far East equity, however, continued its strong showing in database search activity and net inflows, reporting $6.1 billion in the fourth quarter, bringing the 2015 total net inflows to $35.8 billion.
Multiasset strategies reported net outflows of $9.5 billion in the fourth quarter, driven by redemptions from strategies in the eVestment global balanced/tactical asset allocation universe.
Passive strategies had net inflows totaling $96.7 billion in 2015, while in the fourth quarter, active strategies experienced their ninth consecutive quarter of net outflows.
