For the first week in four, investors were overall net redeemers of fund assets (including those of conventional funds and ETFs), withdrawing $24.1 billion for Lipper’s fund-flows week ended March 20, 2019. However, the headline numbers are slightly misleading. Fund investors were net purchasers of taxable fixed income funds (+$6.6 billion), equity funds (+$3.6 billion), and municipal bond funds (+$1.4 billion), while being net redeemers of money market funds (-$35.7 billion, their largest weekly net outflows since June 20, 2018). Tom Roseen highlights the weekly flows trends for both conventional funds and ETFs in this video series.
