Investors Pump $9.0 Billion Into Equity Funds Amid Rising Expectations Of Market Volatility

Conventional equity funds (ex-ETF) were net redeemers for the sixth consecutive week as $2.3 billion flowed out of funds. The macro-group has a four-week moving average of negative $4.5 billion, which is their largest four-week outflows average since February.

Conventional domestic equity funds also saw net redemptions and posted their twentieth straight week of net outflows (-$2.4 billion). Non-domestic equities (ex-ETF) realized a small net inflow of $96 million—its first week of inflows in three.

Growth/value large cap conventional funds returned negative 2.84% on average and observed $2.0 billion in weekly net outflows, making this its forty-sixth straight week of negative flows. Sector technology funds (ex-ETF) saw net outflows as well totaling $577 million—its third consecutive week of net outflows.

Conventional international equity and equity income funds witnessed the top inflows, realizing $515 million and $327 million, respectively. The sub-group to take in the largest percentage of flows compared to its AUM was sector financial/banking conventional funds (+$181 million).

Conventional Fixed Income Funds

Despite recording its first week of negative performance since March, conventional fixed income funds saw net inflows of $2.5 billion. The macro-group has now witnessed six consecutive weeks of net inflows.

Conventional fixed income funds were led by the flexible funds sub-group (+$1.0 billion), making their fourth straight week of inflows. Conventional balanced funds suffered the largest weekly outflows under the macro-group (-$228 million). Balanced funds (ex-ETF) experienced their first weekly outflows in seven weeks.

Conventional municipal bond funds returned positive 0.03% on average over the fund-flows week and took in $573 million—their sixth week in a row of net inflows. Conventional municipal bond funds have only recorded four total weeks of net redemptions in the past year.

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