Investing.com -- Evercore ISI reported that July 2026 showed incrementally better flow results for asset managers, with exchange-traded funds continuing to attract the majority of investor capital.

The firm surveyed approximately 3,300 retail funds representing $10.6 trillion in assets under management. ETFs drew $30 billion in equity flows and $19 billion in fixed income flows during the month, while active management saw $5 billion in equity outflows and $2 billion in fixed income outflows.

Passive investment demand focused on growth and safety strategies. Active flows favored systematic, research-driven and flexible strategies rather than traditional large-cap, income and multi-sector approaches.

Evercore expects most asset managers to benefit from institutional allocations, including private markets and alternatives at Affiliated Managers Group (NYSE: AMG), AllianceBernstein, Apollo Global Management (NYSE: APO), Franklin Resources (NYSE: BEN), BlackRock (NYSE: BLK), Cohen & Steers (NYSE: CNS) and Federated Hermes.

The firm projects that a modest majority of managers posted month-over-month improvements in total long-term flows. Six out of nine managers that report monthly flows are expected to show positive results.

For the third quarter, Evercore forecasts that 10 out of 13 asset managers will see firm-wide inflows, with six posting quarter-over-quarter flow improvements.

Invesco (NYSE: IVZ), Victory Capital and Wisdomtree are tracking ahead of third-quarter flow estimates. Cohen & Steers, Federated Hermes and Franklin Resources are tracking around forecasts. AllianceBernstein, Apollo Global Management, BlackRock, T. Rowe Price (NASDAQ: TROW) and Virtus Investment Partners are lagging forecasts.