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Post by Admin/YBB on Feb 1, 2022 23:23:16 GMT -6
Using the ICI monthly data on the assets of US mutual funds (OEFs) and ETFs, following are the cumulative fund allocations among stock, hybrid, bond and money-market funds. Hybrid funds include stocks and bonds but their ratios can vary widely. Funds-of-funds are not included to avoid double-counting. These data are not expected to change much month by month but may change notably over time; changes are from the combined effects of price fluctuations and fund flows. The ICI data are published late in the month for the prior month. One can call these America's asset allocation. ICI website only has the current release. Many thanks to "DR" at ICI for providing the older data to 2017. www.ici.org/statistics1/1/17
OEFs: Stocks 53.1%, Hybrids 8.5%, Bonds 22.2%, M-Mkt 16.2% ETFs: Stocks 82.9%, Hybrids 0.2%, Bonds 16.9%, M-Mkt N/A OEFs & ETFs: Stocks 57.1%, Hybrids 7.4%, Bonds 21.5%, M-Mkt 14.0% 12/31/17OEFs: Stocks 54.9%, Hybrids 8.2%, Bonds 21.7%, M-Mkt 15.2% ETFs: Stocks 83.5%, Hybrids 0.2%, Bonds 16.3%, M-Mkt N/A OEFs & ETFs: Stocks 59.3%, Hybrids 7.0%, Bonds 20.8%, M-Mkt 12.9% 12/31/18OEFs: Stocks 52.2%, Hybrids 7.8%, Bonds 22.9%, M-Mkt 17.1% ETFs: Stocks 80.9%, Hybrids 0.3%, Bonds 18.8%, M-Mkt N/A OEFs & ETFs: Stocks 56.7%, Hybrids 6.6%, Bonds 22.3%, M-Mkt 14.4% 12/31/19 (Pre-pandemic) OEFs: Stocks 53.4%, Hybrids 7.4%, Bonds 22.1%, M-Mkt 17.1% ETFs: Stocks 80.8%, Hybrids 0.7%, Bonds 18.5%, M-Mkt N/A OEFs & ETFs: Stocks 58.1%, Hybrids 6.3%, Bonds 21.5%, M-Mkt 14.1% 3/31/20 (Around the pandemic lows in late-March 2020) OEFs: Stocks 46.7%, Hybrids 6.9%, Bonds 23.4%, M-Mkt 23.0% ETFs: Stocks 76.7%, Hybrids 0.7%, Bonds 22.6%, M-Mkt N/A OEFs & ETFs: Stocks 51.5%, Hybrids 5.9%, Bonds 23.3%, M-Mkt 19.3% 12/31/20 (2020 comes to an end) OEFs: Stocks 53.3%, Hybrids 6.8%, Bonds 21.8%, M-Mkt 18.1% ETFs: Stocks 80.0%, Hybrids 0.6%, Bonds 19.4%, M-Mkt N/A OEFs & ETFs: Stocks 58.2%, Hybrids 5.6%, Bonds 21.4%, M-Mkt 14.8% 11/30/21 (Monthly data from here on) OEFs: Stocks 54.3%, Hybrids 6.9%, Bonds 21.3%, M-Mkt 17.5% ETFs: Stocks 81.8%, Hybrids 0.6%, Bonds 17.6%, M-Mkt N/A OEFs & ETFs: Stocks 60.0%, Hybrids 5.6%, Bonds 20.5%, M-Mkt 13.9% 12/31/21OEFs: Stocks 54.6%, Hybrids 6.9%, Bonds 20.9%, M-Mkt 17.6% ETFs: Stocks 82.3%, Hybrids 0.6%, Bonds 17.1%, M-Mkt N/A OEFs & ETFs: Stocks 60.4%, Hybrids 5.6%, Bonds 20.1%, M-Mkt 13.9%
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Post by Admin/YBB on Feb 26, 2022 10:04:58 GMT -6
1/31/22
There is a noticeable decrease in stock allocations. These are gross industry statistics and even small shifts mean billions.
OEFs: Stocks 53.6%, Hybrids 7.0%, Bonds 21.4%, M-Mkt 18.0%
ETFs: Stocks 82.0%, Hybrids 0.6%, Bonds 17.4%, M-Mkt N/A
OEFs & ETFs: Stocks 59.6%, Hybrids 5.7%, Bonds 20.5%, M-Mkt 14.2%
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Post by Admin/YBB on Mar 30, 2022 13:28:54 GMT -6
2/28/22
Tiny changes from previous month.
OEFs: Stocks 53.3%, Hybrids 7.1%, Bonds 21.5%, M-Mkt 18.2%
ETFs: Stocks 81.9%, Hybrids 0.6%, Bonds 17.5%, M-Mkt N/A
OEFs & ETFs: Stocks 59.4%, Hybrids 5.7%, Bonds 20.6%, M-Mkt 14.3%
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Post by devotion2 on Apr 6, 2022 18:25:44 GMT -6
How do these data compare with the AAII Asset Allocation Surveys?
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Post by Admin/YBB on Apr 6, 2022 19:58:45 GMT -6
Here is a long answer to this short question. The AAII Asset Allocation Surveys are published monthly. They consistently show higher “stock” allocations than the ICI Fund (Asset) Allocations. There is a simple explanation for that. The AAII asks for percentages in stock funds, stocks, bond funds, bonds and cash. That makes it a different universe than the fund universe in ICI data (OEFs and ETFs). Investors who invest in individual stocks and bonds do more so (even exclusively) for stocks because that is much simpler and convenient than for individual bonds. So, when the data are combined for %Stock_Funds + %Stocks (as “Stocks”) and %Bond_Funds + %Bonds (as “Bonds”), then the AAII Asset Allocation for “Stocks” is higher than that for “Bonds”. For example, for February 2022, AAII Asset Allocation Survey: 68.4% “Stocks”, 14.2% “Bonds), 17.4% “Cash”, ICI Fund Allocations: 59.4% Stocks, 5.7% hybrids, 20.4% Bonds, 14.3% M-Mkt. But both don’t change much month to month. A big difference, however, is that ICI data are based on actual fund holdings while the AAII is a survey of its members and that may be skewed by limited number of participants and their responses may be rough guesstimates. Also, “Cash” in the AAII Survey may be total household cash and that is higher. www.aaii.com/assetallocationsurvey
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Post by Admin/YBB on Apr 28, 2022 16:49:14 GMT -6
3/31/22
Tiny changes from previous month. These 3 months YTD have seen lot of volatility but the fund investors have stayed put.
OEFs: Stocks 53.99%, Hybrids 7.09%, Bonds 20.77%, M-Mkt 18.16%
ETFs: Stocks 82.51%, Hybrids 0.54%, Bonds 16.94%, M-Mkt N/A
OEFs & ETFs: Stocks 60.18%, Hybrids 5.67%, Bonds 19.94%, M-Mkt 14.22%
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Post by Admin/YBB on May 26, 2022 14:12:24 GMT -6
4/30/22
In response to high market volatility, finally there was a noticeable shift from stock funds to bond & m-mkt funds. A tiny shift was also seen into hybrid funds. The changes from the last month are for a total OEFs & ETFs AUM of about $32 trillion, so +/- 1% change is about +/- $320 billion. Also note that these changes are from both fund inflows/outflows & price changes.
OEFs: Stocks 52.54%, Hybrids 7.16%, Bonds 21.25%, M-Mkt 19.05%
ETFs: Stocks 81.66%, Hybrids 0.55%, Bonds 17.79%, M-Mkt N/A
OEFs & ETFs: Stocks 58.81%, Hybrids 5.74%, Bonds 20.50%, M-Mkt 14.95%
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Post by Admin/YBB on Jun 29, 2022 13:54:25 GMT -6
5/31/22
While high market volatility continued, there were very minor changes in fund allocations, so fund investors stayed put. The changes from the last month are for a total OEFs & ETFs AUM of about $30.24 trillion, so +/- 1% change is about +/- $302.4 billion. Also note that these changes are from both fund inflows/outflows & price changes.
OEFs: Stocks 52.65%, Hybrids 7.22%, Bonds 21.03%, M-Mkt 19.10%
ETFs: Stocks 81.31%, Hybrids 0.55%, Bonds 18.14%, M-Mkt N/A
OEFs & ETFs: Stocks 58.89%, Hybrids 5.76%, Bonds 20.40%, M-Mkt 14.95%
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Post by Admin/YBB on Jul 28, 2022 14:44:02 GMT -6
6/30/22There were notable declines in the equity fund allocations. The changes in the totals are based on a total OEFs & ETFs AUM of about $30.25 trillion in the previous month, so +/- 1% change is about +/- $302.5 billion. Also note that these changes are from both fund inflows/outflows & price changes. OEFs: Stocks 51.00%, Hybrids 7.14%, Bonds 21.50%, M-Mkt 20.36% ETFs: Stocks 80.33%, Hybrids 0.54%, Bonds 19.13%, M-Mkt N/A OEFs & ETFs: Stocks 57.35%, Hybrids 5.71%, Bonds 20.99%, M-Mkt 15.96% Accessible from Morningstar (M*), Mutual Fund Observer (MFO), Twitter (“at”YBB_Finance). Edit/Add, 7/29/22: The MONTHLY fund ASSET data only suggest that there MIGHT be equity fund outflows but other data do indicate outflows from equity and other fund categories, and inflows into m-mkt funds. The long-term asset pattern is that after the %Equity allocation bottomed in March 2020, it peaked in March 2022 and is now the lowest since. Other data: 1. ICI WEEKLY data on fund FLOWS indicates steady fund outflows. 2. Barron's WEEKLY data on 4-week moving average (4-wMA) of fund flows show outflows from stock and bond funds, and inflows into m-mkt funds (currently inflows of +$7 billion/week). 3. Anecdotal data from posters in various forums that they have sold or reduced stock/bond exposure and have moved into Treasuries, and lately into m-mkt funds. 4. Rates have gone up and m-mkt funds are now starting to pay some interest. More: Weekly equity fund flows have turned positive. www.mutualfundobserver.com/discuss/discussion/comment/151704/#Comment_151704
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Post by Admin/YBB on Aug 14, 2022 18:32:35 GMT -6
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Post by Admin/YBB on Aug 30, 2022 13:13:40 GMT -6
Fund Allocations (Cumulative), 7/31/22
There were notable moves into stock funds from other categories. The changes in the totals were based on a total OEFs & ETFs AUM of about $29.46 trillion in the previous month, so +/- 1% change was about +/- $294.6 billion. Also note that these changes were from both fund inflows/outflows & price changes.
OEFs: Stocks 52.45%, Hybrids 7.11%, Bonds 20.87%, M-Mkt 19.57%
ETFs: Stocks 80.81%, Hybrids 0.53%, Bonds 18.66%, M-Mkt N/A
OEFs & ETFs: Stocks 58.68%, Hybrids 5.66%, Bonds 20.39%, M-Mkt 15.27%
Accessible from Morningstar (M*), Mutual Fund Observer (MFO), Twitter (“at”YBB_Finance).
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Post by Admin/YBB on Sept 29, 2022 18:55:11 GMT -6
Fund Allocations (Cumulative), 8/31/22
There were minor declines in the stock funds. The changes in the totals were based on a total OEFs & ETFs AUM of about $29.95 trillion in the previous month, so +/- 1% change was about +/- $299.5 billion. Also note that these changes were from both fund inflows/outflows & price changes.
OEFs: Stocks 51.77%, Hybrids 7.09%, Bonds 21.02%, M-Mkt 20.12%
ETFs: Stocks 80.49%, Hybrids 0.53%, Bonds 18.98%, M-Mkt N/A
OEFs & ETFs: Stocks 58.09%, Hybrids 5.65%, Bonds 20.57%, M-Mkt 15.70%
Accessible from Morningstar (M*), Mutual Fund Observer (MFO), Twitter (“at”YBB_Finance).
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Post by Admin/YBB on Oct 27, 2022 13:32:39 GMT -6
Fund Allocations (Cumulative), 9/30/22
There were notable declines in the stock and hybrid funds. The changes in the totals were based on a total OEFs & ETFs AUM of about $29.05 trillion in the previous month, so +/- 1% change was about +/- $290.5 billion. Also note that these changes were from both fund inflows/outflows & price changes.
OEFs: Stocks 50.28%, Hybrids 6.77%, Bonds 21.39%, M-Mkt 21.57%
ETFs: Stocks 79.38%, Hybrids 0.54%, Bonds 20.08%, M-Mkt N/A
OEFs & ETFs: Stocks 56.61%, Hybrids 5.41%, Bonds 21.10%, M-Mkt 16.88%
Accessible from Morningstar (M*), Mutual Fund Observer (MFO), Twitter (“at”YBB_Finance).
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Post by Admin/YBB on Nov 29, 2022 15:29:54 GMT -6
Fund Allocations (Cumulative), 10/31/22
There were notable increases in the allocations to stock funds, and declines in those for bond and m-mkt funds. The changes for OEFs + ETFs were based on a total AUM of about $27.05 trillion in the previous month, so +/- 1% change was about +/- $270.5 billion. Also note that these changes were from both fund inflows/outflows & price changes.
OEFs: Stocks 51.85%, Hybrids 6.76%, Bonds 20.32%, M-Mkt 21.06%
ETFs: Stocks 80.40%, Hybrids 0.49%, Bonds 19.11%, M-Mkt N/A
OEFs & ETFs: Stocks 58.24%, Hybrids 5.36%, Bonds 20.05%, M-Mkt 16.35%
Edit/Add: Total AUM for OEFs + ETFs was $34.148 trillion on 12/31/21. It may have bottomed at $27.089 trillion on 9/30/22. A small rebound was seen to $28.172 trillion on 10/31/22.
Accessible from Morningstar (M*), Mutual Fund Observer (MFO), Twitter (“at”YBB_Finance).
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Post by Admin/YBB on Dec 29, 2022 13:59:24 GMT -6
Fund Allocations (Cumulative), 11/30/22
There were notable increases in the allocations to stock funds, and declines in those for bond and m-mkt funds. The changes for OEFs + ETFs were based on a total AUM of about $28.17 trillion in the previous month, so +/- 1% change was about +/- $281.7 billion. Also note that these changes were from both fund inflows/outflows & price changes.
OEFs: Stocks 52.77%, Hybrids 6.77%, Bonds 20.00%, M-Mkt 20.46%
ETFs: Stocks 80.85%, Hybrids 0.47%, Bonds 18.68%, M-Mkt N/A
OEFs & ETFs: Stocks 59.17%, Hybrids 5.33%, Bonds 19.7%, M-Mkt 15.79%
Accessible from Morningstar (M*), Mutual Fund Observer (MFO), Twitter (“at”YBB_Finance).
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