Following the flows
Despite the growing bull market forming in the US equities space, the six months leading up to November 2016 saw estimated net outflows of £6.162 billion.
Even so, there are many funds that are successfully capitalising on the current trend.
Here’s a closer look at the funds that attracted the most inflows over the six months leading to the end of November 2016.
Estimated net flows: + USD 138.84 million
Total return: 36.23%
Managed by: Jonathan Simon, Timothy Parton
A large share of flows into US equities went into the JP Morgan US Equity All Cap fund, which has been running since February 2014.
As of end of November, the fund had $961.6 million in assets and is overweight the benchmark, S&P 500 Index, in the financials sector by 4.7%, as its exposure to the sector makes up 19.3%.
This is while it is underweight consumer staples by 5.5% with a total portfolio weighting of 3.8%.
Estimated net flows: + USD 168,191 million
Managed by: Aziz Hamzaogullari
Boasting the second largest inflows in the sector is the newcomer, Loomis Sayles fund, launched just half a year ago in June 2016.
The Natixis fund had a size of $173.16 million as of November 2016, over 43% of which is invested in the information technology sector, more than double the benchmark weighting.
The fund has 43 holdings, the largest of which include Amazon.com, Facebook and Cisco Systems.
Estimated net flows: + USD 584,08 million
Total return: 38.62%
Managed by: Matthew Ward , Alan Straus
Attracting the most investments over the last six months on the US equities scene is the long-running Schroders fund, launched in 1993.
The $1.82 million fund has 68 holdings, the majority of which are in the information technology sector, which represents 23.8% of the portfolio.
The largest underweight compared to the fund’s benchmark, Standard & Poors 500 Net TR Lagged, is in industrials, which it holds at 7.9% as opposed to 10.5%.
Despite having the largest inflows, the fund ranks at 44 out of 185 funds in the peer group over three years and the duo has been managing the fund together since 2009.