For the second week in three, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs), injecting $7.1 billion for Lipper’s fund-flows week ended June 24, 2020. Fund investors were net purchasers of taxable fixed income funds (+$11.3 billion) and municipal bond funds (+$1.5 billion) while being net redeemers of equity funds (-$5.0 billion) and money market funds (-$726 million, the group’s sixth consecutive week of net redemptions) this week. Tom Roseen highlights the weekly flows trends for both conventional funds and ETFs in this video series.
