Lipper’s fund asset groups (including both mutual funds and exchange-traded funds) took in $70.4 billion of net new money for the fund-flows trading week ended Wednesday, March 11. Money market funds (+$87.6 billion) were responsible for all of the week’s net inflows as investors parked a significant amount of money on the sidelines, driven by the uncertainty surrounding the coronavirus pandemic.
This week’s net positive flows for money market funds bested the group’s previous record net inflow of $81.2 billion for the fund-flows week ended December 12, 2018. The other asset groups all saw money leave as taxable bond funds, equity funds, and municipal bond funds posted net outflows of $11.2 billion, $4.2 billion, and $1.8 billion, respectively.
