U.S. Weekly FundFlows Insight Report: Q2 Opening Day: Investors Continue Trend Into Short-Term Assets

Conventional Equity Funds

Conventional equity funds (ex-ETF) were net purchasers for the third week in four, taking in $147 million. Non-domestic equities (ex-ETF) drew in $1.3 billion over the course of the past fund-flows week and reached their largest four-week moving average since March 2018. Conventional domestic equity funds posted their fourteenth straight week of net outflows (-$1.1 billion) even though domestic equity funds experienced a 2.30% weekly gain on average.

Conventional Fixed Income Funds

Conventional fixed income funds (ex-ETF) observed net outflows for the first time in 15 weeks, redeeming $442 million. Investors withdrew $520 million from conventional corporate-high yield funds even though they had back-to-back weeks of positive weekly performance, marking the tenth week in a row of outflows. Government-mortgage (-$282 million) and government-Treasury (-$226 million) funds both suffered net weekly outflows in this subgroup as well.

On the plus side of conventional fixed-income funds, international & global debt (+$310 million) and corporate-investment grade (+$257 million) logged positive net weekly flows. International & global debt funds have seen a positive weekly flow in 25 of the last 26 weeks. Meanwhile, corporate-investment grade funds (ex-ETF) now have 50 straight weeks of positive weekly inflows.

For the first week in four, conventional municipal bond funds observed net outflows (-$56 million).

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