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By Patrick Keon Click to enlarge Funds in Thomson Reuters Lipper’s U.S. Diversified Equity (USDE) Funds classifications have experienced negative net flows of $10.9 billion for 2016 year to date. These results are the continuation of a long-term trend that has seen USDE Funds’ coffers shrink on an annual basis every year except one since the global financial crisis of 2008. USDE Funds managed to record a slim net inflow of $9.3 billion for 2013 to break up the string of negative results. Overall, the USDE Funds group has had net outflows of roughly $661 billion since 2008. Looking at the individual USDE fund classifications, we see that each has had overall net outflows since the crisis except for one, Multi-Cap Core (MLCE) Funds. MLCE Funds took in $106.4 billion of net new money during the period. The group suffered net outflows for only one year (-$73 million for 2010) and was most productive during 2013 and 2014, when it took in a combined $60.3 billion net. The USDE classification with the largest net outflows was Large-Cap Core (LCCE) Funds. LCCE Funds experienced over $288 billion of negative net flows during the period, which was over twice the amount of the classification with the second largest net outflows (Large-Cap Growth Funds, -$134.1 billion). LCCE funds suffered outflows every year in the tracking period, with the two largest outflows coming in back-to-back years (2011 and 2012) during which time $140 billion left its coffers. The results for 2016 are playing out the same as above: MLCE Funds (+11.0 billion) has the largest net inflows among USDE funds, while LCCE Funds has posted the largest net outflows (-$7.4 billion). Within the MLCE space Vanguard Total Stock Market Index Fund (MUTF: VITSX ) (+12.0 billion) has had the largest net inflows for the year to date, while for LCCE Oakmark Fund (OAKMK) (-$1.1 billion) and MainStay ICAP Select Equity Fund (MUTF: ICSLX ) (-$637 million) have posted the largest net outflows. Scalper1 News
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