Thomson Reuters Lipper’s fund macro-groups (including both mutual funds and exchange-traded funds [ETFs]) suffered net outflows of $2.2 billion for the fund-flows week ended Wednesday, May 3. Equity funds accounted for the lion’s share of the net outflows; their coffers saw $3.7 billion leave. Money market funds also contributed to the overall negative flows for the week with a net outflow of $302 million. On the plus side the taxable bond funds (+$1.6 billion) and municipal bond funds (+$128 million) macro-groups each took in net new money.
Pat Keon, Thomson Reuters Lipper Senior Research Analyst, speaks to the highlights in this week's video.