Thomson Reuters Lipper’s fund macro-groups (including both mutual funds and ETFs) experienced negative net flows of $272 million for the fund-flows week ended Wednesday, July 19. The net outflows were driven by money market funds (-$5.6 billion) and equity funds (-$2.6 billion). Taxable bond funds (+$7.6 billion) and municipal bond funds (+$299 million) both took in net new money. The $7.6 billion of positive flows for taxable bond funds was the group’s second largest weekly net inflows for the year to date, trailing only the $8.3 billion of net inflows for the fund-flows week ended March 22.
Pat Keon, Thomson Reuters Lipper Senior Research Analyst, speaks to the highlights in this week's video.
