Cumulative ETF and mutual fund cash flows

Since the start of 2014, $534.8 billion in new money has flowed into mutual funds and exchange-traded funds, through Oct. 19th. Over that time, ETF assets have seen rapid growth as investors, both institutional and retail, find appeal with their low fees, high liquidity and easy access to passive investments. Alternatively, mutual funds have fallen out of favor with investors; about $106 billion has moved out of the space.

Equity ETFs took just over two-thirds, $435 billion, of the total inflows during the period; U.S. equity ETFs took the majority of the new capital. Fixed-income funds, primarily taxable bonds, took in $170 billion, or 28% of the total new capital.

Of the $106 billion in net outflows from mutual funds, almost all capital came out of U.S. equity funds, with less significant amounts coming out of high-yield and global bond funds. Over the period, $150 billion moved into taxable bonds funds, most notably investment-grade funds.

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