摩根大通：美国资产管理人每周基金流量_10 月 10 日至 10 月 16 日_货币市场基金流量转为负值

Investment Rating - The report does not explicitly provide an investment rating for the U.S. Asset Management industry, but it highlights trends in fund flows and performance metrics that may influence investment decisions. Core Insights - The week ending October 16, 2024, saw outflows from equity funds (excluding ETFs) amounting to $6.0 billion, which is an increase from outflows of $4.7 billion the previous week. In contrast, fixed income funds experienced inflows of $2.5 billion, while money market funds had outflows of $13.7 billion, worsening from $10.2 billion the week prior [2][4]. - Domestic equity funds (excluding ETFs) faced redemptions of $5.0 billion, up from $3.8 billion the week before, indicating a trend of increasing investor withdrawal from domestic equities [2][4]. - The overall sales of equity funds (including ETFs) reached $23.6 billion, a significant improvement from $10.6 billion the previous week, suggesting a resurgence in equity ETF sales [2][4]. - The report notes that financials and technology sectors saw inflows of $0.9 billion and $0.3 billion respectively, while energy and telecom sectors experienced outflows of $0.9 billion and $0.7 billion [2][4]. - Asset manager fund returns were reported at 0.8% for the week, slightly below the S&P 500's return of 0.9%. Year-to-date returns for the fund companies tracked were 0.8%, compared to 1.4% for the market [2][4]. Summary by Sections Fund Flows - Equity funds (ex-ETFs) had outflows of $6.0 billion this week, compared to $4.7 billion the previous week. Domestic equity funds saw redemptions of $5.0 billion, while international/global equity funds had outflows of $1.0 billion [2][5]. - Fixed income funds (ex-ETFs) recorded inflows of $2.5 billion, while money market funds experienced outflows of $13.7 billion [2][5]. Sector Performance - Financials led sector inflows with $0.9 billion, followed by technology with $0.3 billion. Energy and telecom sectors faced the largest outflows [2][4]. Performance Metrics - The report indicates that asset manager fund returns were up 0.8% for the week, while the S&P 500 returned 0.9%. Year-to-date returns for the funds tracked were 0.8%, with J.P. Morgan Funds leading at 1.6% returns [2][4].