Lipper’s fund asset groups (including both mutual funds and ETFs) had net inflows of $3.8 billion for the fund-flows trading week ended Wednesday, May 20. After 11 straight weeks of net inflows induced by the COVID-19 pandemic, money market funds experienced net outflows as $1.0 billion left their coffers. During this eleven-week run, money markets took in $1.1 trillion of net new money and set several weekly records for their largest positive net flows ever. Among the other fund asset groups, taxable bond funds and municipal bond funds had net inflows of $7.9 billion and $1.8 billion, respectively, while equity funds experienced net negative flows of $4.9 billion.
Pat Keon, CFA, speaks to the highlights in this week's video.