Net flows of global asset allocation funds dipped significantly in the first quarter of 2013, according to new research.
Cerulli Associates, Boston, discloses this finding in the May 2013 edition of “The Cerulli Edge: U.S. Monthly Product Trends.” The report provides monthly data on trends among mutual funds, exchange-traded funds, money market funds and new products.
The survey records net flows of global asset allocation funds of $3.8 billion at the end of the first quarter, a pace that, if maintained, will fall short of the $23.3 billion recorded 2012. However, global asset allocation funds totaled $372.1 billion, up 7 percent from the $345.6 billion recorded in 2012.
Mutual fund assets at the end of April totaled $10.1 trillion, up from $10 trillion March, a 1.1 percent increase. Over the same period, the report shows, ETFs assets grew to $1.473 trillion from $1.449 trillion, a 1.7 percent increase.