Investors were overall net purchasers of fund assets (including those of conventional funds and ETFs) for the first week in 14. They injected $27.7 billion for Refinitiv Lipper’s fund-flows week ended November 11, 2020, as they cheered the announcement of a successful Phase 3 study of a COVID-19 vaccine by Pfizer and BioNTech. Fund investors were net purchasers of long-term assets, putting $23.8 billion into equity funds (their third largest weekly net inflows on record going back to 1992), $7.1 billion into taxable bond funds, and $1.2 billion into municipal bond funds. Meanwhile, money market funds (-$4.4 billion) witnessed the only net redemptions of the group this week. Tom Roseen highlights the weekly flows trends for both conventional funds and ETFs in this video series.