Lipper’s fund asset groups (including both mutual funds and ETFs) suffered net negative flows of $54.5 billion for the fund-flows trading week ended Wednesday, June 17. The net outflows were attributable to money market funds (-$35.8 billion) and equity funds (-$25.5 billion). It was the fifth straight weekly net outflows for the money market funds group. This streak comes directly after a run of 11 straight net inflows that were a result of the impact of the coronavirus pandemic. On the plus side, the taxable bond funds (+$5.1 billion) and municipal bond funds (+$1.7 billion) groups both took in net new money. It was the tenth straight net positive flows for taxable bond funds and the sixth for muni bond funds.
Pat Keon, CFA, speaks to the highlights in this week's video.
