For the first week in six investors were net redeemers of fund assets (including those of conventional funds and ETFs), withdrawing $11.3 billion. Once again, though, the headline numbers were slightly misleading. While investors padded the coffers of equity funds (+$6.1 billion), taxable bond funds (+$2.1 billion), and municipal bond funds (+$345 million) for the week, they were net redeemers of money market funds (-$19.9 billion). Tom Roseen highlights the weekly flows trends for both conventional funds and ETFs in this video series.
