Q3 2022 Fund Flows: Investors Sound the Recession Alarm, Move into Money Markets, Flee Fixed Income

In the third quarter of 2022, we saw: the Federal Reserve hike rates twice by 75 basis points, the U.S. 10-Year Treasury Rate increase from a low of 2.6% in August to nearly 4% by the end of September, and the 30-Year Mortgage Rate tick up drastically from 5 to nearly 7%.  The VIX has … Continued

2021 Fund Flows: Fixed Income & Large Blend Win, Growth Loses

After bouncing back from a Q3 dip and fighting through volatility all year, the S&P 500 (^SPX) ended 2021 just below its all-time high. The index’s 28.7% total return continues quite a streak for stocks, making 2021 the fifth time in the last 6 years that the S&P 500 has posted double-digit returns.  Meanwhile, in … Continued

2020 Fund Flows: Active vs Passive, Thematic ETFs & More

Since bottoming out on March 23, 2020, the S&P 500 has climbed 75% on a total return basis, and the Bloomberg Barclays US Aggregate is nearly 6% off its low. Momentum in stocks has continued through January 2021, but recent jumps in Treasury Rates have slowed price appreciation of investment-grade fixed income. The calendar no … Continued