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Fund Intelligence

Reading the headline figures, one may think that managers are expecting to receive coal in their stockings. The negative figures, however, hide beneath them many stories of success.

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December 21, 2022

12 Holiday Fund Facts

Tags: Distribution Intelligence, Financial Clarity, ISS Market Intelligence, Simfund

With the end of the year upon us, let us reflect on what has happened so far. Reading the headline figures, one may think that managers are expecting to receive coal in their stockings. The negative figures, however, hide beneath them many stories of success. Opportunities abounded across investment strategy, product vehicle and distribution channel.

Our 12 holiday fund facts look to shine a light on the challenges and successes seen in 2022.

Facts 1 to 6 focus on long-term UCITs flows, leveraging our Simfund database.

Facts 7 to 12 focus on the UK fund distribution landscape, leveraging our Financial Clarity dataset.

Notes:
All facts are based on year-to-date October flows. Facts 1-6 are in Euros. Facts 7-12 are in pounds sterling.

Reach out to the team at ISS Market Intelligence to learn how we can help you find your next opportunity.

From all of us at ISS Market Intelligence, wishing you happy holidays!

Commentary by ISS Market Intelligence

By: Benjamin Reed-Hurwitz, Vice President, EMEA Research Leader ISS Market Intelligence

	Fact 1: Long-term funds recorded outflows of over €300bn.
	Fact 2: Irish and Luxembourg domiciled index and active fund flows diverged significantly. Index funds collected nearly €60bn in net inflows compared to nearly €300bn in net outflows for active funds.
	Fact 3: Index equity funds captured the greatest share of inflows in Ireland and Luxembourg at close to €40bn.
	Fact 4: Within Luxembourg, active ESG funds have recorded greater net outflows, €110bn, than active non-ESG funds, €98bn.
	Fact 5: Irish and Luxembourg domiciled active ESG funds with an ISS ESG star rating of 5, recorded positive net inflows of around €5bn. All other ratings, including the non-rated, recorded net outflows.
	Fact 6: Irish and Luxembourg domiciled index ETFs significantly outperformed non-ETF index funds, capturing €48bn in net inflows.

	Fact 7: Financial advisers placing business through a platform generated roughly £9bn in net inflows
	Fact 8: Only four platforms recorded net inflows of over £4bn.
	Fact 9: Firms, identified by their FCA number, that came into 2022 with assets less than £100m, generated nearly £4.5bn in net inflows.
	Fact 10: Only 156 out of over 5,500 funds registered net inflows above £50m. 33 were index and 123 were active-based funds.
	Fact 11: Wales was the only region to experience a rise in net inflows in H2 compared to H1. The South East, Greater London and North East, however, remained the top selling regions in H1 and H2.
	Fact 12: ISAs went into outflows in Q3 and remained in outflows in October.

12 Holiday Fund Facts

Our 12 holiday fund facts look to shine a light on the challenges and successes seen in 2022.

Facts 1 to 6 focus on long-term UCITs flows, leveraging our Simfund database.

Facts 7 to 12 focus on the UK fund distribution landscape, leveraging our Financial Clarity dataset.

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