Fund Flows: Equity, Bond & Money Market Yearly Totals

Equity, Bond & Money Market Fund Flows - Yearly Totals & 2010 YTD

Weekly Data for 1/7/2011

Fund Flow Totals by Year & 2011 through 1/7/11 

Table 1	AMG Fund Flows for Full Year - $B
Fund Flows for	Equity	Tax Bond	MM Fund
2003	40.8	40.7	NC
2004	95.0	11.3	(64.3)
2005	71.9	9.3	89.0
2006	52.5	29.9	308.3
2007	111.3	68.8	569.5
2008	3.5	(3.3)	608.0
2009	6.0	172.0	(280.2)
2010	24.8	148.4	(392.3)
2011	9.3	2.9	(9.6)

• NC = Data Not Compiled
•  += Some data points for Money Market Fund flows between March 2010 and July 14, 2010 are missing but the overall trend is clear. 
• Raw data from AMG Weekly Fund Flows Data: 

This table shows a summation of the weekly fund flow data. Money Market funds yield next to nothing so people have taken money out to buy bonds as well as live on during the recession and long recovery period with high US unemployment (9.4%)

ExETFs—For the week ended 01/05/2011 all Equity funds report net inflows totaling $3.446 billion, with Domestic Equity funds reporting net inflows of $2.150 billion and Non-Domestic Equity funds reporting net inflows of $1.295 billion... ExETFs—Emerging Markets Equity funds report net inflows of $0.715 billion, the group’s thirty-first consecutive week of positive flows... Net inflows are reported for All Taxable Bond funds ($2.932 billion), bringing the rate of inflows of the $2.729-trillion sector to -$0.941 billion/week... International & Global Debt funds posted net inflows of $0.647 billion... Net inflows of $0.743 billion were reported for Corp-High Yield funds while Flexible Funds reported net inflows of $0.758 billion… Money Market funds report net outflows of -$9.583 billion… ExETFs—Municipal Bond funds report net outflows of $1.693 billion, their eighth consecutive week of outflows...

Fund Flows: Equity, Bond & Money Market Yearly Totals

Equity, Bond & Money Market Fund Flows - Yearly Totals & 2010 YTD

Weekly Data for 12/1/2010 

• Equity Fund outflows $1.2 Bil
• Taxable Bond Fund outflows $0.525 Bil
  xETFs:
• Equity Fund outflows $1.1 Bil
• Taxable Bond Fund outflows $0.109 Bil
• See bottom for a table of current US Treasury rates. 

This table shows a summation of the weekly fund flow data.  Money Market funds yield next to nothing so people have taken money out to buy bonds as well as live on during the recession and long recovery period with US unemployment still near 10%. 

I think many will be surprised at how quickly equities go up in value once interest rates start to climb and people dump bond funds that start to lose money.  The money will flow into what is hot, which will be equities and that will probably drive the next bubble.  My explore portfolio gained 33.5% last year with a tiny $6.0B net inflow into equities.  This year the portfolio is up another 13.6% with another tiny net inflow of $7.3B so far.   The returns could spin your head if we see significant fund flows back into equities like we saw between 2003 and 2007.

Fund Flow Totals for 2010 through 12/1/10 

Table 1	AMG Fund Flows for Full Year - $B
Fund Flows for	Equity	Tax Bond	MM Fund
2003	40.8	40.7	NC
2004	95.0	11.3	(64.3)
2005	71.9	9.3	89.0
2006	52.5	29.9	308.3
2007	111.3	68.8	569.5
2008	3.5	(3.3)	608.0
2009	6.0	172.0	(280.2)
2010	7.3	146.0	(394.0)

• NC = Data Not Compiled
•  += Some data points for Money Market Fund flows between March 2010 and July 14, 2010 are missing but the overall trend is clear. 
• Raw data from AMG Weekly Fund Flows Data:

"  ExETFs—For the week ended 12/01/2010 all Equity funds report net outflows totaling $1.128 billion, with Domestic Equity funds reporting net outflows of $1.218 billion and Non-Domestic Equity funds reporting net inflows of $0.090 billion... ExETFs—Emerging Markets Equity funds report net inflows of $0.394 billion, the group’s twenty-sixth consecutive week of positive flows...  Net outflows are reported for All Taxable Bond funds (-$0.525 billion), bringing the rate of inflows of the $2.725-trillion sector to $4.236 billion/week...  International & Global Debt funds (+$0.129 billion) continued to draw assets as they reported inflows for the twenty-seventh consecutive week...  Net outflows of $0.723 billion were reported for Corp-High Yield funds... Flexible funds reported net inflows of $0.295 billion…  Money Market funds report net inflows of $7.943 billion...  ExETFs—Municipal Bond funds report net outflows of $0.525 billion, their third consecutive week of outflows...   "

More Info:

• Current Treasury Rates at a Glance
• US Treasury Rate Quotes

Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 195% (a double plus another 95%!!) vs. the S&P500 UP only 21% vs. NASDAQ  UP a only 18%   (All through 12/2/10) 

In 2009, "Kirk's Newsletter Explore Portfolio" gained 33.5% vs. the DJIA up 18.8%
2010 YTD the "Explore Portfolio" is up 13.6% YTD

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Your 1 year, 12 issue subscription will start with next month's issue.

U.S. Treasury Rates as of Dec. 2, 2010

TERM	COUPON	PRICE / YIELD%
3-Month	0.000	0-04 / 0.15
6-Month	0.000	0-05 / 0.19
12-Month	0.000	0-08 / 0.27
2-Year	0.500	99-29½ / 0.54
3-Year	0.500	99-00+ / 0.84
5-Year	1.375	98-19 / 1.67
7-Year	2.250	99-08+ / 2.36
10-Year	2.625	96-28+ / 2.99
30-Year	4.250	99-29½ / 4.25

Current:

Treasury Rates at a Glance

 

Fund Flows: Equity, Bond & Money Market Yearly Totals

Equity, Bond & Money Market Fund Flows - Yearly Totals & 2010 YTD

Weekly 11/03/2010 

• Equity Fund Inflows $1 Bil
• Taxable Bond Fund Inflows $2.1 Bil 
• xETFs - Equity Fund Inflows $1.2 Bil
• Taxable Bond Fund Inflows $1.9 Bil

Fund Flow Totals for 2010 through 11/03/10

Table 1	AMG Fund Flows for Full Year - $B
Fund Flows for	Equity	Tax Bond	MM Fund
2003	40.8	40.7	NC
2004	95.0	11.3	(64.3)
2005	71.9	9.3	89.0
2006	52.5	29.9	308.3
2007	111.3	68.8	569.5
2008	3.5	(3.3)	608.0
2009	6.0	172.0	(280.2)
2010	1.8	141.4	(411.3)

• NC = Data Not Compiled
•  += Some data points for Money Market Fund flows between March 2010 and July 14, 2010 are missing but the overall trend is clear. 
• Raw data from AMG Weekly Fund Flows Data:

" ExETFs—For the week ended 11/3//2010 all Equity funds report net inflows totaling $1.231 billion as Domestic Equity funds report net inflows of $0.102 billion and Non-Domestic Equity funds report net inflows of $1.130 billion... ExETFs—Emerging Markets Equity funds report net inflows of $0.457 billion, the group’s twenty-third consecutive week of positive flows...  Net inflows are reported for All Taxable Bond funds (+$2.137 billion), bringing the rate of inflows of the $2.712-trillion sector to $3.469 billion/week...  International & Global Debt funds (+$1.104 billion) continued to draw assets as they reported inflows for the twenty-third consecutive week... Net outflows of $0.258 billion were reported for Corp-Investment Grade funds, the group’s first weekly outflow in the last eighteen... Flexible funds reported net inflows of $0.833 billion…  Money Market funds report net outflows of $4.563 billion...  ExETFs—Municipal Bond funds report net inflows of $0.001 billion...   "

US Treasury Rates for Nov 6, 2010

	COUPON	MATURITY	% YIELD
3-Month	0.000	02/03/2011	0.11
6-Month	0.000	05/05/2011	0.15
12-Month	0.000	10/20/2011	0.20
2-Year	0.375	10/31/2012	0.37
3-Year	0.500	10/15/2013	0.51
5-Year	1.250	10/31/2015	1.09
7-Year	1.875	10/31/2017	1.76
10-Year	2.625	08/15/2020	2.53
30-Year	3.875	08/15/2040	4.12

More Info:

• Current Treasury Rates at a Glance
• US Treasury Rate Quotes

Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 190% (a double plus another 90%!!) vs. the S&P500 UP only 21% vs. NASDAQ  UP a only 18%   (All through 11/7/10) 

In 2009, "Kirk's Newsletter Explore Portfolio" gained 33.5% vs. the DJIA up 18.8%
2010 YTD the "Explore Portfolio" is up 11.8% YTD

Subscribe NOW and get the November 2010 Issue for FREE! !   
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Equity, Bond & Money Market Fund Flows - Yearly Totals

Money continues to pour into bond funds and out of money market funds while equity fund flows are still negative year-to-date. Annual data shown in table 1 below.

Weekly 09/29/2010 

• Equity Fund inflows $0.319Bil
• Taxable Bond Fund Inflows $3.2Bil
• xETFs - Equity Fund outflows $0.645Bil
• Taxable Bond Fund Inflows $2.9 Bil

Fund Flow Totals for 2010 through 9/29/10

Table 1	AMG Fund Flows for Full Year - $B
Fund Flows for	Equity	Tax Bond	MM Fund
2003	40.8	40.7	NC
2004	95.0	11.3	(64.3)
2005	71.9	9.3	89.0
2006	52.5	29.9	308.3
2007	111.3	68.8	569.5
2008	3.5	(3.3)	608.0
2009	6.0	172.0	(280.2)
2010	(10.8)	126.6	(402.2)

• NC = Data Not Compiled
•  += Some data points for Money Market Fund flows between March 2010 and July 14, 2010 are missing but the overall trend is clear. 
• Raw data from AMG Weekly Fund Flows Data:

"ExETFs—For the week ended 9/29/2010 all Equity funds report net outflows totaling $0.645 billion as Domestic Equity funds report net outflows of $0.930 billion and Non-Domestic Equity funds report net inflows of $0.284 billion... ExETFs—Emerging Markets Equity funds report net inflows of $0.675 billion, the group’s eighteenth consecutive week of positive flows... Net inflows are reported for All Taxable Bond funds (+$3.239 billion), bringing the rate of inflows of the $2.626-trillion sector to $6.231 billion/week... International & Global Debt funds (+$0.869 billion) continued to draw assets as they reported inflows for the eighteenth consecutive week... Net inflows of $1.214 billion were reported for Corp-Investment Grade funds... Flexible Funds reported net inflows of $1.253 billion, their largest weekly inflow in twenty-two weeks… Money Market funds report net inflows of $3.115 billion... ExETFs—Municipal Bond funds report net inflows of $0.399 billion... "

US Treasury Rates for Oct 1, 2010 - Current Treasury Rates at a Glance

TERM	COUPON	MATURITY	% YIELD
3-Month	0.000	12/30/2010	0 .15
6-Month	0.000	03/31/2011	0 .19
12-Month	0.000	09/22/2011	0 .24
2-Year	0.375	09/30/2012	0 .41
3-Year	0.750	09/15/2013	0.62
5-Year	1.250	09/30/2015	1.26
7-Year	1.875	09/30/2017	1.89
10-Year	2.625	08/15/2020	2.51
30-Year	3.875	08/15/2040	3.71

More Info:

• US Treasury Rate Quotes
• US Treasury Rates at a Glance

Equity, Bond & Money Market Fund Flows - Yearly Totals

Money continues to pour into bond funds and out of equities.  This is the fifth week in a row with positive (inflows) into low yielding money market funds.  Annual data shown in table 1 below.

Weekly 08/25/2010 

• Equity Fund outflows $4.6 Bil
• Taxable Bond Fund Inflows $3.9 Bil
• xETFs - Equity Fund outflows $1.4 Bil
• Taxable Bond Fund Inflows $2.9 Bil

Fund Flow Totals for 2010 through 8/25/10

Table 1	AMG Fund Flows for Full Year - $B
Fund Flows for	Equity	Tax Bond	MM Fund
2003	40.8	40.7	NC
2004	95.0	11.3	(64.3)
2005	71.9	9.3	89.0
2006	52.5	29.9	308.3
2007	111.3	68.8	569.5
2008	3.5	(3.3)	608.0
2009	6.0	172.0	(280.2)
2010	(23.6)	110.2	(379.4)

• NC = Data Not Compiled
•  += Some data points for Money Market Fund flows between March 2010 and July 14, 2010 are missing but the overall trend is clear. 
• Raw data from AMG Weekly Fund Flows Data

ExETFs—For the week ended 8/25/2010 all Equity funds report net outflows totaling $1.395 billion as Domestic Equity funds report net outflows of $1.199 billion and Non-Domestic Equity funds report net outflows of $0.196 billion...   ExETFs—Emerging Markets Equity funds report net inflows of $0.232 billion, the group’s twelfth consecutive week of positive flows…   Net inflows are reported for All Taxable Bond funds (+$3.885 billion), bringing the rate of inflows of the $2.565-trillion sector to $6.673 billion/week...  International & Global Debt funds (+$0.879 billion) continued to draw assets as they reported inflows for the thirteenth consecutive week... Net inflows of $1.277 billion were reported for Corp-Investment Grade funds... Money Market funds report net inflows of $2.758 billion...  ExETFs—Municipal Bond funds report net inflows of $0.677 billion.... 

10-YEAR TREASURY NOTE TNX (in %)

US Treasury Rate Quotes 

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US Treasury Rates at a Glance

Equity, Bond & Money Market Fund Flows Weekly Report

Money continues to pour into bond funds.

Annual data shown in table 1 below. 

Weekly 07/14/2010 

• Equity Fund Inflows $4.7 Bil
• Taxable Bond Fund Inflows $6.2 Bil
• xETFs - Equity Fund Inflows $117 Mil
• Taxable Bond Fund Inflows $4.1 Bil

Fund Flow Totals for 2010 through 7/14/10

Table 1	AMG Fund Flows for Full Year - $B
Fund Flows for	Equity	Tax Bond	MM Fund
2003	40.8	40.7	NC
2004	95.0	11.3	(64.3)
2005	71.9	9.3	89.0
2006	52.5	29.9	308.3
2007	111.3	68.8	569.5
2008	3.5	(3.3)	608.0
2009	6.0	172.0	(280.2)
2010	(17.3)	89.7	(399.9)

• NC = Data Not Compiled
•  += Some data for Money Market Funds between March 2010 and July 14, 2010 is missing but the overall trend is clear. 
• Raw data from AMG Weekly Fund Flows Data

ExETFs—For the week ended 7/14/2010 all Equity funds report net inflows totaling $0.117 billion as Domestic Equity funds report net outflows of $0.007 billion and Non-Domestic Equity funds report net inflows of $0.124 billion... ExETFs—Emerging Markets Equity funds report net inflows of $0.186 billion as investors continue to look outside the US and developed European markets… Net inflows are reported for All Taxable Bond funds (+$6.205 billion), bringing the rate of inflows of the $1.098-trillion sector to $3.351 billion/week... International & Global Debt funds ($0.628 billion) continued to draw assets as they reported inflows for the seventh consecutive week... Net inflows of $2.104 billion were reported for Corp-Investment Grade funds... Money Market funds report net inflows of $2.853 billion... ExETFs—Municipal Bond funds report net inflows of $0.612 billion.... The database was updated a second time today to reflect a large batch of fund mergers during the week, which originally overstated Municipal Bond funds flows.

Rydex Nova/Ursa Ratio = 0.262

This chart of the "Rydex Nova/Ursa Ratio" courtesy of Schaeffer's Research shows money is flowing into bear (Ursa) funds at nearly four times the rate of bull funds (ratio is 0.262 for 7/14)

Date	NAV Adjusted N/U Ratio
07/15	0.260
07/14	0.262
07/13	0.262
07/12	0.248
07/09	0.236

Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 152% (a double plus another 52%!!) vs. the S&P500 UP a tiny 1.4% vs. NASDAQ  down 3.8%!!!   (All through 6/30/10)

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In 2009, "Kirk's Newsletter Explore Portfolio" gained 33.5% vs. the DJIA up 18.8%
For 2010, as of 7/15/10, the explore portfolio is up 2.3% YTD
vs. DJIA down 0.7% vs. S&P500 down 0.7%!

Subscribe NOW and get the July 2010 Issue for FREE! !  

Equity, Bond & Money Market Fund Flows Report

The weekly mutual fund flows data shows money continues to pour out of low yielding money market funds.  Also, equity funds show a net loss of funds for the year
From briefing.com's weekly wrap:

Index	Ended Week	YTD %
DJIA	10450.64	0.2
Nasdaq	2309.80	1.8
S&P 500	1117.51	0.2

Annual data shown in table 1 below. Raw data from AMG Weekly Fund Flows Data

Weekly 06/16/2010

• Equity Fund Inflows $11.4 Bil
• Taxable Bond Fund Inflows $3.7 Bil
• xETFs - Equity Fund Outflows -$13 Mil; Taxable Bond Fund Inflows $2.3 Bil

Fund Flow Totals for 2010 through 6/16/10

Table 1	AMG Fund Flows for Full Year - $B
---------------	Equity	Tax Bond	MM Fund
Fund Flows for 2003	40.8	40.7	NC
Fund Flows for 2004	95.0	11.3	(64.3)
Fund Flows for 2005	71.9	9.3	89.0
Fund Flows for 2006	52.5	29.9	308.3
Fund Flows for 2007	111.3	68.8	569.5
Fund Flows for 2008	3.5	(3.3)	608.0
Fund Flows for 2009	6.0	172.0	(280.2)
Fund Flows for 2010	(1.6)	75.5	(431.4)+

• NC = Data Not Compiled
•  += Some data for Money Market Funds between March 2010 and June 19, 2010 is missing but the overall trend is clear.

ExETFs—For the week ended 6/16/2010 All Equity funds report net outflows totaling -$0.013 billion as Domestic Equity funds report net outflows of -$0.307 billion and Non-Domestic Equity funds report net intflows of $0.294 billion... ExETFs—Emerging Markets Equity funds report net inflows of $0.310 billion as some investors continue to become less risk averse as they take advantage of a bottoming euro/dollar relationship and expected exports to US consumers… Net inflows are reported for All Taxable Bond funds ($2.323 billion), bringing the rate of inflows of the $2.410-trillion sector to $1.651 billion/week... Increasing net inflows are reported to International & Global debt funds totaling $0.628 billion from $294 million a week earlier, and the largest inflow to the sector in seven weeks, indicating less risk aversion among investors to that sector... Net inflows are now reported to Corp-High Yield funds totaling $0.068 billion, the first inflows to the sector in seven weeks... Money Market funds report net outflows totaling -$37.866 billion... ExETFs—Municipal Bond funds report net inflows of $0.218 billion….

Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 164% (a double plus another 64%!!) vs. the S&P500 UP a tiny 6.2% vs. NASDAQ UP a tiny 2.0% (All through 6/28/10)

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In 2009, "Kirk's Newsletter Explore Portfolio" gained 33.5% vs. the DJIA up 18.8%
As of  now, 6/28/10, the explore portfolio is up 1.8% YTD vs. DJIA Down 2.4% & S&P500 Down 2.3%

Equity, Bond & Money Market Fund Flows Report

The weekly mutual fund flows data shows more money is still going into bond funds than equity funds.  Also, GDP growth is clearly aided by people pulling money out of their money market savings accounts.

Annual data shown in table 1 below.

Weekly 04/28/2010

• Equity Fund Inflows $3.8 Bil;
• Taxable Bond Fund Inflows $4.3 Bil
• xETFs - Equity Fund Inflows $1.7 Bil; Taxable Bond Fund Inflows $3.2 Bil

ExETFs—For the week ended 4/28/2010 All Equity funds report net inflows totaling $1.725 billion as Domestic Equity funds report net inflows of $1.398 billion and Non-Domestic Equity funds report net inflows of $0.326 billion...  The rate of inflows to Non-Domestic funds is $1.243 billion/week, as measured over four weeks...  ExETFs—Emerging Markets Debt funds report net inflows of $0.220 billion…  Net inflows are reported for All Taxable Bond funds ($4.336 billion), bringing the rate of inflows of the $2.292-trillion sector to $5.924 billion/week...  Net inflows are reported to Corporate Investment Grade funds totaling $1.159 billion...  Net inflows are reported to Flexible Funds totaling $1.656 billion... International & Global Debt funds have reported inflows (+$1.213 billion) for the fifty-eighth consecutive week...  Money Market funds report net outflows totaling $7.726 billion...  ExETFs—Municipal Bond funds report net inflows of $0.085 billion…            

Table 1	AMG Fund Flows for Full Year - $B
---------------	Equity	Tax Bond	MM Fund
Fund Flows for 2003	40.8	40.7	NC
Fund Flows for 2004	95.0	11.3	(64.3)
Fund Flows for 2005	71.9	9.3	89.0
Fund Flows for 2006	52.5	29.9	308.3
Fund Flows for 2007	111.3	68.8	569.5
Fund Flows for 2008	3.5	(3.3)	608.0
Fund Flows for 2009	6.0	172.0	(280.2)
Fund Flows for 2010	(0.5)	66.6	(362.8)

NC = Data Not Compiled

Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 159% (a double plus another 59%!!) vs. the S&P500 UP a tiny 8.6% vs. NASDAQ UP a tiny 3.5% (All through 12/31/09) 

In 2009, "Kirk's Newsletter Explore Portfolio" gained 33.5% vs. the DJIA up 18.8%

Subscribe NOW and get the May 2010 Issue for FREE! !

As of 5/1/10, the explore portfolio was up 8.5% YTD (DOW up 5.6% )

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More info:

The Lipper FMI Fund Flows Database

According to amgdata.com: The Lipper FMI Fund Flow Database is the most accurate, timely, and comprehensive proxy for investor sentiment. Weekly and monthly investor flows are aggregated in 19000 open-end mutual fund share classes with an $11 Trillion asset base that is sectored in datasets by investment objective as defined in the prospectus.

Affiliated Managers Group Inc.

(AMG) is an asset management company with equity investments in a diverse group of boutique investment management firms.

Equity, Bond and Money Market Fund Flows as reported by AMG/Lipper Weekly Fund Flows Data at http://www.amgdata.com

Equity, Bond & Money Market Fund Flows Report

AMG Weekly Fund Flows Data from http://www.amgdata.com

Annual data shown in table 1 below.

Weekly 04/21/2010

• Equity Fund Inflows $2.2 Bil
• Taxable Bond Fund Inflows $3.6 Bil
• xETFs - Equity Fund Inflows $2.1 Bil; Taxable Bond Fund Inflows $3.3 Bil

ExETFs—For the week ended 4/21/2010 All Equity funds report net inflows totaling $2.097 billion as Domestic Equity funds report net inflows of $1.459 billion and Non-Domestic Equity funds report net inflows of $0.638 billion... The rate of inflows to Non-Domestic funds is $1.348 billion/week, as measured over four weeks... ExETFs—Emerging Markets Debt funds report net inflows of $0.370 billion… Net inflows are reported for All Taxable Bond funds ($3.608 billion), bringing the rate of inflows of the $2.290-trillion sector to $7.663 billion/week... Net inflows are reported to Corporate Investment Grade funds totaling $0.883 billion... Net inflows are reported to Flexible Funds totaling $1.044 billion... International & Global Debt funds have reported inflows (+$1.372 billion) for the fifty-seventh consecutive week... Money Market funds report net outflows totaling $33.416 billion... ExETFs—Municipal Bond funds report net inflows of $0.130 billion…

Table 1	AMG Fund Flows for Full Year - $B
---------------	Equity	Tax Bond	MM Fund
Fund Flows for 2003	40.8	40.7	NC
Fund Flows for 2004	95.0	11.3	(64.3)
Fund Flows for 2005	71.9	9.3	89.0
Fund Flows for 2006	52.5	29.9	308.3
Fund Flows for 2007	111.3	68.8	569.5
Fund Flows for 2008	3.5	(3.3)	608.0
Fund Flows for 2009	6.0	172.0	(280.2)
Fund Flows for 2010	(4.3)	62.3	(355.1)

NC = Data Not Compiled

More info:

The Lipper FMI Fund Flows Database

According to amgdata.com: The Lipper FMI Fund Flow Database is the most accurate, timely, and comprehensive proxy for investor sentiment. Weekly and monthly investor flows are aggregated in 19000 open-end mutual fund share classes with an $11 Trillion asset base that is sectored in datasets by investment objective as defined in the prospectus.

Affiliated Managers Group Inc.

(AMG) is an asset management company with equity investments in a diverse group of boutique investment management firms.

Equity, Bond and Money Market Fund Flows as reported by AMG/Lipper