Thomson Reuters Lipper’s fund macro-groups (including both mutual funds and ETFs) had negative flows of almost $20.8 billion for the fund-flows week ended Wednesday, June 21. This number represented the largest one-week net outflows of 2017, outdistancing the $19.0 billion for the fund-flows week ended January 18. Three of the four fund macro-groups saw net money leave their coffers, paced by the money market funds group (-$20.7 billion). Equity funds (-$2.2 billion) and municipal bond funds (-$891 million) also contributed to the total net outflows, while taxable bond funds took in $3.0 billion of net new money. It was the fourteenth straight week of positive net flows for the taxable bond funds group.
