Refinitiv Lipper’s fund asset groups (including both mutual funds and ETFs) had net outflows of $16.0 billion for the fund-flows trading week ended Wednesday, September 23. Funds have now seen net money leave for seven consecutive weeks during which time their coffers have shrunk by $133.7 billion. In this week’s activity, equity funds (-$14.9 billion) were responsible for the lion’s share of the net outflows, while money market funds contributed $2.7 billion to the total net negative flows. Equity funds have now seen money leave for six straight weeks while money market funds ran their losing streak to nine weeks. On the plus side of the ledger, taxable bond funds (+$1.1 billion) and municipal bond funds (+$499 million) both took in net new money.
