Key Takeaways
Equity mutual funds broke an almost year-long streak of weekly outflows as investors added a rare $1.2 billion into these products in the week ended February 10.
There have been only 14 weeks since the beginning of 2018 when equity mutual fund managers collectively had fresh cash to work with instead of dealing with redemptions.
In the last three calendar years, investors pulled $1.3 trillion out of equity mutual funds, with $1.1 trillion flowing into ETFs. CFRA does not expect the momentum to end as more asset managers are offering investors a choice of structures run by the same managers.
Fundamental Context
After 44 consecutive weeks of outflows, equity mutual funds gathered net new money. Equity mutual funds gathered $1.24 billion of net inflows in the week ended February 10, according to data from Investment Company Institute (ICI), an industry group representing mutual funds, ETFs, and other investment companies. This rare occurrence was driven by demand fo
American Century Investments Adds To Active ETF Lineup With Convertible And Preferred ETFs
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KANSAS CITY, Mo., Feb. 18, 2021 /PRNewswire/ On the heels of the three-year anniversary of its first exchange traded funds (ETFs), global asset management firm American Century Investments today rolled out the latest additions to its lineup: American Century
Quality Convertible Securities ETF (QCON) and American Century American Century Quality Preferreds ETF (QPFF), listed on the CBOE BZX Exchange, Inc. (CBOE). QCON is designed for investors seeking high-quality convertible securities that offer the potential for attractive risk-adjusted returns, and QPFF is designed for investors seeking high-quality preferred securities that offer the potential for high current income and attractive total return. Both are actively managed with holdings disclosed daily and have a total expense ratio of .32 percent.
December 24, 2020
After nearly a decade of back and forth with the Securities and Exchange Commission, active exchange-traded funds arrived with the ability to shield their portfolio holdings.
About 15 funds debuted this year from mutual fund families T. Rowe Price, Fidelity, and American Century, and from ETF developers Blue Tractor and Precidian. Some of the new ETFs replicate popular mutual funds. New ETFs include T. Rowe’s Blue Chip Growth ETF (TCHP), Dividend Growth ETF (TDVG), Equity Income ETF (TEQI) and Growth Stock ETF (TGRW), Fidelity’s Blue Chip Growth ETF (FBCV), Fidelity Blue Chip Value ETF (FBCG) and American Century Focused Dynamic Growth ETF (FDG).