Weekly FundFlows Insight Report: Funds Suffer Net Outflows For The Third Consecutive Week

Equity Mutual Funds

Equity mutual funds (-$7.2 billion) suffered net outflows for the eighteenth consecutive week. Domestic equity funds (-$6.2 billion) were responsible for the majority of the net outflows while non-domestic equity funds accounted for $1.0 billion of the total net negative flows. At the peer group level, the largest net outflows belonged to Large-Cap Growth Funds (-$1.2 billion) and International Multi-Cap Core Funds (-$476 million) among the domestic and non-domestic fund universes, respectively.

Fixed Income Mutual Funds

The taxable bond (+$5.9 billion) and tax-exempt bond (+$1.0 billion) fund groups both continued their long runs of consecutive net inflows. The largest net-positive flows for taxable bond funds belonged to the Core Plus Bond Funds (+$1.3 billion) and Core Bond Funds (+$1.0 billion) peer groups while for tax-exempt bond funds, Short Muni Debt Funds (+$518 million) led the way.

Money Market Mutual Funds

Money market funds experienced net outflows (-$4.6 billion) for the fifth straight week. The net negative flows were driven by Institutional U.S. Government Money Market Funds (-$15.1 billion) while the largest net inflow among the peer groups belonged to Institutional U.S. Treasury Money Market Funds (+$5.5 billion).

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