For the fourth week in five, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs), injecting $9.0 billion for Lipper’s fund-flows week ended March 4, 2020. However, the headline number is misleading. Fund investors were net purchasers of money market funds (+$38.5 billion), but were net redeemers of equity funds (-$20.3 billion), taxable fixed income funds (-$8.9 billion), and municipal bond funds (-$250 million) this week.
