Charts of the Week
Profiling the Mutual Fund & ETF Universe
May 29, 2020
53% of households owning mutual funds make more than $100k per year.
53% of households owning mutual funds make more than $100k per year.
Active equity funds continue to charge 10x the fees of passive equity funds.
Domestic equity funds with the lowest fees saw the large majority of inflows in 2019, while funds with high fees saw outflows.
Over a third of U.S. households own an IRA. The difference in ownership between the highest and lowest income buckets is staggering.
Equity ETFs accounted for 26% of stock market volume in the U.S. in 2019.
A look at the holdings of government-only money market funds versus prime money market funds
Select charts from our recent posts
A look at the unemployment rate since 1869
The Fed may be debating yield curve control, but the market is acting as though it already started. The Fed's massive purchases of bonds over the last ten weeks is shrinking the size of the bond market available to the private sector. Bond market volatility is disappearing and yields are trending sideways.
Today's topics include your weekly jobless claims update, Chinese tensions escalate, the Fed's alphabet soup, value investing, consumer sentiment vs. the stock market, negotiating the EU's latest stimulus proposal, and bankruptcies on the rise.
Nearly all of the stock market's gains are coming overnight.