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Chart of the Day: Record Loss for Mutual Funds

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer Jan 31, 2023
chart showing that Exchange Traded Funds took in an impressive $500 billion in assets, while mutual funds lost a record $1,000 billion

Contents

Today's Chart of the Day is from Morningstar, and shows that, during 2022, Exchange Traded Funds (aka ETFs) took in an impressive $500 billion in assets, while mutual funds lost a record $1,000 billion. Though mutual funds have been losing assets to ETFs since 2015 for various reasons we have explored in previous Charts of the Day, why the dramatic downturn in 2022?

One of the main reasons was the 20% decline in market values, and since 94% of all mutual funds lost money last year, it was a good opportunity to sell and make the switch to ETFs to avoid capital gain taxes.
Chart of the Day

About the Author

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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