In this issue of LSEG Lipper’s US Mutual Funds & Exchange-Traded Products Snapshot, we feature a summary of total net assets (TNA) and estimated net flows (ENF) for responsible investments conventional funds and exchange-traded products for July 2025.
Key Highlights & Observations
Fund Market Overall
Total assets under management in the US responsible investments fund market grew $4.7 billion (+1.1%) for July and stood at $427.7 billion at the end of the month. Estimated net inflows accounted for $0.1 billion, while $4.6 billion was added because of the positively performing markets. On a year-to-date basis, assets increased considerably $25.5 billion (+6.3%). Included in the overall year-to-date asset change figure were $4.3 billion of estimated net outflows.
Compared to a year ago, assets increased considerably $36.0 billion (+9.2%). Included in the overall one-year asset change figure were $2.5 billion of estimated net outflows. The average overall return in US dollar terms was a positive 0.5% at the end of the reporting month, underperforming the 12-month moving average return by 0.3 percentage points and underperforming the 36-month moving average return by 0.3 percentage points.
Fund Market by Asset Type, July
Most of the net new money for July was attracted by bond funds, accounting for $1,032.4 million, followed by alternatives funds and money market funds, at $114.9 million and $66.5 million of net inflows, respectively. Equity funds, at negative $750.0 million, were at the bottom of the table for July, bettered by mixed assets funds and commodity funds, at $404.8 million of net outflows and $7.2 million of net inflows, respectively.
The best performing funds for the month were commodity funds at 1.4%, followed by equity funds and alternatives funds, at 0.6% and 0.6% returns, respectively, on average. Bond funds, at negative 0.0%, were the worst performers for the month, bettered by money market funds and mixed assets funds, at positive 0.3% and positive 0.5%, respectively.
Fund Market by Asset Type, Year to Date
For the year to date, most of the net new money was attracted by bond funds, accounting for $2,267.5 million, followed by money market funds and alternatives funds, at $747.5 million and $171.8 million of net inflows, respectively. Equity funds, at negative $6,848.9 million, were at the bottom of the table for the year to date, bettered by mixed assets funds and commodity funds, at $693.7 million of net outflows and $98.3 million of net inflows, respectively.
All asset types posted positive returns for the year to date, with equity funds at 9.7%, followed by mixed assets funds and alternatives funds, at 7.4% and 5.3% returns, respectively, on average. The best performing funds for the year to date were equity funds at 9.7%, followed by mixed assets funds and alternatives funds, at 7.4% and 5.3% returns, respectively, on average.
Money Market funds, at positive 2.4%, outperformed, followed by bond funds and commodity funds, at positive 3.4% and positive 4.6%, respectively.
Fund Market by Asset Type, Last Year
Most of the net new money for the one-year period was attracted by bond funds, accounting for $4,199.1 million, followed by money market funds and alternatives funds, at $1,093.0 million and $364.5 million of net inflows, respectively. Equity funds, at negative $7,663.1 million, were at the bottom of the table for the one-year period, bettered by mixed assets funds and commodity funds, at $551.9 million of net outflows and $74.4 million of net inflows, respectively.
All asset types posted positive returns for the one-year period, with equity funds at 10.4%, followed by mixed assets funds and commodity funds, at 8.7% and 7.0% returns, respectively, on average. The best performing funds for the one-year period were equity funds at 10.4%, followed by mixed assets funds and commodity funds, at 8.7% and 7.0% returns, respectively, on average.
Bond funds, at positive 4.2%, outperformed, followed by money market funds and alternatives funds, at positive 4.3% and positive 6.2%, respectively.
Lipper Fund Classifications, July
Looking at Lipper’s fund classifications for July, most of the net new money flows went into Bond USD Medium Term (+$453.2 million), followed by Equity Emerging Mkts Global and Bond USD Short Term (+$161.6 million and +$125.9 million). The largest net outflows took place for Equity US, at negative $802.0 million, bettered by Mixed Asset USD Flex – US and Equity US Sm&Mid Cap, at negative $253.1 million and negative $103.5 million of net outflows, respectively.
The best performing funds for the month were Alternative Managed Futures, at plus 9.4%, followed by Equity Theme – Alternative Energy and Equity China, at plus 5.2% and plus 3.4% returns, respectively, on average. Equity India, at minus 3.9%, was the worst performer, bettered by Alternative Equity Market Neutral and Equity Global ex US Sm&Mid Cap funds, at minus 3.8% and minus 2.5%, respectively.
Lipper Fund Classifications, Year to Date
For the year to date, most of the net new money flows went into Bond USD Medium Term (+$944.2 million), followed by Equity Global ex US and Money Market USD (+$793.5 million and +$747.5 million). The largest net outflows took place for Equity US, at negative $3,791.3 million, bettered by Equity Global and Equity US Sm&Mid Cap, at negative $1,906.3 million and negative $936.5 million of net outflows, respectively.
The best performing funds for the year to date were Equity Israel Sm&Mid Cap, at plus 34.4%, followed by Commodity Precious Metals and Equity Theme – Natural Resources, at plus 26.2% and plus 21.5% returns, respectively, on average. Commodity Energy, at minus 8.6%, was the worst performer, bettered by Bond USD Inflation Linked and Equity Sector Healthcare funds, at minus 6.5% and minus 3.3%, respectively.
Lipper Fund Classifications, Last Year
For the one-year period, most of the net new money flows went into Bond USD Medium Term (+$1,948.6 million), followed by Equity Global ex US and Money Market USD (+$1,724.5 million and +$1,093.0 million). The largest net outflows took place for Equity US, at negative $5,366.3 million, bettered by Equity US Sm&Mid Cap and Equity Theme – Alternative Energy, at negative $1,566.6 million and negative $1,342.4 million of net outflows, respectively.
The best performing funds for the one-year period were Equity Israel Sm&Mid Cap, at plus 61.2%, followed by Equity China and Commodity Precious Metals, at plus 36.2% and plus 35.8% returns, respectively, on average. Bond USD Inflation Linked, at minus 11.5%, was the worst performer, bettered by Commodity Energy and Equity Sector Healthcare funds, at minus 5.1% and minus 4.7%, respectively.