Inflows and higher market values propelled assets under management to $42.96 trillion, figures show.

Assets under management in the global collective investment funds market grew by $239.4 billion, or 0.6 per cent in June to reach $42.96 trillion at the end of that month, new figures show.

Estimated net inflows accounted for $26.1 billion, while $213.3 billion was added because markets rose, according to the latest Global Fund Market Statistics Report by Thomson Reuters Lipper.

On a year-to-date basis, assets increased by $3.85 trillion (+9.8 per cent). Included in the overall year-to-date asset-change figure were $692.1 billion of estimated net inflows. 

Most of the net new money for June was attracted by bond funds, accounting for $69.1 billion, followed by mixed-asset funds and equity funds, at $18.4 billion and $9.7 billion of net inflows, respectively. 

Money market funds, hit by outflows of  $75.2 billion, were at the bottom of the table for June, bettered by “other” funds and real estate funds, at $2.4 billion of net outflows and $1.1 billion of net inflows, respectively. 

The best performing funds for the month were money market funds at 1.1 per cent, followed by mixed-asset funds and equity funds, at 0.7 per cent and 0.7 per cent returns on average.