Jan 19, 2018
For the second week in three investors were net sellers of fund assets (including those of conventional funds and ETFs), withdrawing $9.6 billion. However, the headline numbers were a little misleading. Fund investors were net redeemers of money market funds, withdrawing $22.3 billion but were net purchasers of long-term assets, padding the coffers of equity funds (+$9.1 billion), taxable bond funds (+$2.5 billion), and municipal bond funds (+$1.2 billion) for the week. Tom Roseen highlights the weekly flows trends for both conventional funds and ETFs in this video series.