Investors were overall net redeemers of fund assets (including those of conventional funds and ETFs) for the eleventh week in a row, withdrawing $7.6 billion for Refinitiv Lipper’s fund-flows week ended October 21, 2020 as they paid attention to increasing uncertainty in the market. Fund investors were net redeemers of money market and equity funds during the week, withdrawing $9.3 billion and $5.7 billion, respectively, while being net purchasers of taxable fixed income funds (+$6.8 billion) and municipal bond funds (+$607 million) this week. Tom Roseen highlights the weekly flows trends for both conventional funds and ETFs in this video series.
