For the first week in four, investors were overall net redeemers of fund assets (including those of conventional funds and ETFs), withdrawing $44.6 billion for Lipper’s fund-flows week ended April 17, 2019. However, the headline numbers are misleading. Fund investors were net purchasers of equity funds (+$5.5 billion), taxable fixed income funds (+$3.7 billion), and municipal bond funds (+$679 million), while being net redeemers of money market funds (-$54.5 billion), the groups largest net redemption since the week ended August 3, 2011.Tom Roseen highlights the weekly flows trends for both conventional funds and ETFs in this video series.
