Long-only traditional money managers reported net outflows of $52.4 billion in institutional assets in the quarter ended June 30 and net outflows of $370.1 billion over the past four quarters, data from eVestment's quarterly Traditional Asset Flows Report showed.
By asset class, global fixed-income managers reported net inflows of $38.3 billion (excluding cash) in the three-months ended June 30, after $22.6 billion on net inflows in the first quarter 2019 and net outflows of $17.8 billion in second quarter 2018.
Most of the increase in fixed-income net inflows from institutional investors in the current quarter came from active non-U.S. bond strategies, which attracted net inflows of $35.7 billion, noting "the breadth of (European) fixed-income strategies … saw significant institutional support during the quarter," said Peter Laurelli, eVestment's global head of research, in the report.
In contrast, net institutional outflows from global equity strategies were $122.9 billion in the second quarter compared with net outflows of $86.4 billion in the previous quarter and net outflows of $138.8 billion in the same quarter a year earlier.
Mr. Laurelli noted in the report that passive equities experienced net inflows of $12.9 billion in the second quarter of this year, while active stock strategies had net outflows of $135.8 billion.
Institutional assets under management reported by traditional managers globally totaled $28.4 trillion as of June 30, up 5.97% from $26.8 trillion in both the first quarter of 2019 and the second quarter of 2018.
