For the eighth week in nine, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs), injecting $38.8 billion for Lipper’s fund-flows week ended August 7, 2019. However, the headline number is misleading. Fund investors were net purchasers of money market funds (+$64.7 billion) and municipal bond funds (+$2.4 billion, its largest weekly net inflows on record going back to 1992). However, they were net redeemers of equity funds (-$25.2 billion) and taxable fixed income funds (-$3.0 billion). Tom Roseen highlights the weekly flows trends for both conventional funds and ETFs in this video series.
