Monthly U.S. Equity Mutual Fund and ETF Flows Recently, U.S. equity fund flows have been weak, with sustained outflows driven by trade policy uncertainty and cautious investor sentiment. Image: Goldman Sachs Global Investment Research
Breakdown of Household Equity and Mutual Fund Ownership by Wealth Percentile Stock ownership in the U.S. is increasingly concentrated—the wealthiest 1% currently holds 51% of total household equity assets. Image: Goldman Sachs Global Investment Research
Aggregate Financial Asset Allocation Among Households, Mutual Funds, Pension Funds, and Foreign Investors With investor allocation to equities at an all-time high, the market is increasingly vulnerable to volatility and significant losses, particularly if a downturn occurs. Image: Goldman Sachs Global Investment Research
U.S. ETF and Mutual Fund Flows Investors are exhibiting a strong and sustained appetite for U.S. money market funds, driven by ongoing market volatility and persistently high short-term interest rates. Image: Goldman Sachs Global Investment Research
% of Large-Cap Mutual Funds Outperforming their Benchmarks Active large-cap funds are having a good year in 2025, with half of them beating their benchmarks so far—much higher than the average of 37%. Still, history shows that it’s uncommon for this outperformance to last. Image: Goldman Sachs Global Investment Research
Hedge Fund and Mutual Fund Equity Exposure In a sign of optimism about the current economic climate, hedge funds and mutual funds have collectively increased their stakes in U.S. equities, which paints a picture of growing confidence in the U.S. stock market. Image: Goldman Sachs Global Investment Research
Median Monthly Flow into Equity Mutual Funds and ETFs as a % of Total AUM January has historically seen increased investor activity in equity markets, resulting in strong inflows, as the start of a new year often inspires renewed investment strategies and goals. Image: Goldman Sachs Global Investment Research
U.S. Domiciled Mutual Funds While U.S. money market holdings remain historically low, equity allocations are high, reflecting a significant shift in investor behavior towards riskier assets in pursuit of higher returns. Image: Goldman Sachs Global Investment Research
Mutual Fund and ETF In/(Out)Flows Since 2023, cash has emerged as the flow winner. Will it serve as the primary driving force behind the bull markets in the months ahead? Image: Goldman Sachs Global Investment Research
U.S. Equity Mutual Funds – Cash and Liquid Assets Cash holdings of mutual funds are going down. Image: Goldman Sachs Global Investment Research
Equity Fund Flows Globally Including Mutual Funds and ETFs The month of May has seen inflows into equity funds globally, despite the negative headlines. Image: J.P. Morgan