2009 Findings
- Institutional outflows ($161 billion) continued across the active groups measured by STAR for a third consecutive year. Conversely, passive institutional strategies experienced inflows of $75 billion for the year. The difference between the active and passive flows was a net outflow of $86 billion—or 4% of total assets. This reduction primarily occurred in the first and final quarters of 2009.
- In sharp contrast to negative institutional flows, mutual funds saw net gains ($55 billion) in 2009. Fixed income captured huge inflows ($74 billion) from retail and institutional investors alike. Outside this safe-haven area, investors showed renewed appetite for risk, chasing performance with flows into hot dot asset categories including high yield, emerging markets, mid cap, and small cap strategies.
Snapshot of Findings
* No mutual fund group is currently available for this product type
**Lipper™ does not maintain separate core and core plus groups. Lipper
Bond Fixed Income group includes funds that are part of Lipper's General
Bond or Intermediate Investment Grade objective groups.