Mutual Funds Outflows Reach All-Time High in March

After collectively reaching a high-water mark of $1.6 trillion in assets as of January 2019, long-term mutual fund assets experienced a sizable drop, decreasing by 13.3% to end March at $1.4 trillion. More specifically, mutual funds lost $216.3 billion in assets over the two-month period. Focusing on March, decreased valuations in both equity and bond markets, coupled with an all-time high in monthly outflows, resulted in long-term mutual funds suffering their second-worst monthly decrease in the past 20 years.