For the fourteenth week in 15, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs), injecting $3.4 billion for Lipper’s fund-flows week ended June 10, 2020. Fund investors were net purchasers of equity funds (+$20.4 billion, its largest weekly net inflows since March 14, 2018), taxable fixed income funds (+$11.1 billion), and municipal bond funds (+$2.8 billion, its second largest weekly net inflows on record), while being net redeemers of money market funds (-$30.8 billion, the group’s fourth consecutive week of net redemptions) this week. Tom Roseen highlights the weekly flows trends for both conventional funds and ETFs in this video series.
