Jefferies Has Thoughts On Weekly Mutual Fund Flows (AMG)

Jefferies & Company has thoughts on the mutual fund industry, as bond funds continue to outweigh equity funds. One of the stocks it mentions is Affiliated Managers Group, Inc.

. In the research report, Jefferies notes, "Industry fund flows continue to generally favor fixed income funds over equities. However, this week marked an exception as domestic equity ETFs saw a sizable inflow into the SPDR S&P 500 ETF. Given the continued market volatility, we anticipate no near-term material change to current flow trends, which has been underway since May." Jefferies went on to say, "Lipper FMI released its weekly fund flow data. For the week ended September 1, excluding ETF flows, equity funds experienced $0.58B in outflows while taxable bond funds experienced $2.6B of inflows. Including ETF flows, equity funds experienced $6.0B in inflows while taxable bond funds experienced $3.9B of inflows." Shares of Affiliated Managers Group, Inc. gained 35 cents to close at $72.44 yesterday.