For the second week in three investors were net sellers of fund assets (including those of conventional funds and ETFs), withdrawing $6.0 billion. However, the headline number once again was a little misleading. Fund investors were net redeemers of money market funds, withdrawing $26.0 billion, but they were net purchasers of long-term assets, padding the coffers of equity funds (+$16.2 billion), taxable bond funds (+$3.6 billion), and municipal bond funds (+$236 million) for the week. Tom Roseen highlights the weekly flows trends for both conventional funds and ETFs in this video series.
