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  Equity Mutual Fund Managers Have Plenty Of Dry Powder
Posted Under: Conceptual Investing

 

View from the Observation Deck 

  1. Dry powder is a slang term referring to marketable securities that are highly liquid and considered cash-like, according to Investopedia.
  2. As of 6/30/17, the value of liquid assets held by all U.S. equity mutual funds totaled $310.9 billion.
  3. As indicated in the chart (year-end values), for the 15-year period ended 2016, the average value of liquid assets held by U.S. equity mutual funds was $211.0 billion.  
  4. If you were to calculate an average including all of the monthly totals tracked by the ICI over that same 15-year period (not shown in chart), the average was $212.9 billion, essentially in line with the $211.0 billion average using year-end totals.
  5. Since January 2001, the highest value of liquid assets held by U.S. equity mutual funds was $314.6 billion (2/28/15), while the lowest was $107.6 billion (2/28/03).

This chart is for illustrative purposes only and not indicative of any actual investment.

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Posted on Tuesday, August 8, 2017 @ 12:22 PM • Post Link Share: 
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These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
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