U.S. Weekly FundFlows Insight Report: Conventional Funds And ETFs Attract $3.8 Billion Of Net Inflows For The Week

Exchange-Traded Fixed Income Funds

For the seventh week in a row, taxable fixed income ETFs witnessed net inflows, taking in $1.9 billion this last week. APs were net purchasers of government-Treasury ETFs (+$708 million), corporate investment-grade debt ETFs (+$669 million), and flexible ETFs (+$376 million) while being net redeemers of government-mortgage ETFs (-$111 million). iShares TIPS Bond ETF (TIP, +$607 million) and JPMorgan Ultra-Short Income ETF (JPST, +$334 million) attracted the largest amounts of net new money of all individual taxable fixed income ETFs. Meanwhile, iShares 7-10 Year Treasury Bond ETF (IEF, -$888 million) and iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB, -$345 million) handed back the largest individual net redemptions for the week. For the twenty-eighth week in a row, municipal bond ETFs witnessed net inflows, taking in $202 million this week. iShares National Municipal Bond ETF (MUB, +$117 million) witnessed the largest draw of net new money of the municipal bond ETFs in the subgroup for the week.

Conventional Equity Funds

Conventional fund (ex-ETF) investors were net redeemers of equity funds for the eleventh consecutive week—withdrawing $2.8 billion. The macro-group recorded a market loss of 0.33% for the fund-flows week. Domestic equity funds, suffering net redemptions of slightly more than $3.1 billion, witnessed their eleventh consecutive weekly net outflows while experiencing a 0.44% market decline on average for the fund-flows week. Nondomestic equity funds—posting a 0.11% weekly loss on average—observed their ninth week of net inflows in ten, taking in $367 million. On the domestic equity side, fund investors shunned large-cap funds (-$2.5 billion) and small-cap funds (-$337 million). Investors on the nondomestic equity side were net purchasers of international equity funds (+$333 million) and global equity funds (but injecting just $34 million) for the week.

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