Fixed income funds were the biggest winners for the week ended June 9, while money funds suffered, according to the latest data from the Lipper
team at Refinitiv
| Tom Roseen|
Head of Research Services
, head of research services at Refinitiv Lipper, reveals that $3.7 billion flowed into mutual funds and ETFs in the U.S. in the past week, the fifth week in a row of positive net inflows. At the top of the inflows list were taxable bond funds, which brought in $6.8 billion in net inflows (including $970 million into taxable bond ETFs and $5.8 billion into taxable bond "conventional funds", i.e. traditional open-end mutual fund).
On the flip side, Roseen notes, $6.3 billion net flowed out of money market funds in the U.S. in the past week.
Equity funds in the U.S. brought in $717 million in net inflows in the past week, thanks to $3.6 billion in net inflows into equity ETFs (including $2.1 billion into international equity ETFs and $1.5 billion into domestic equity ETFs). Yet conventional equity funds suffered $2.9 billion in net outflows, their tenth week of negative flows in a row, Roseen says. (That breaks down into $2.6 billion in net outflows from conventional domestic equity funds and $230 million out of conventional international equity funds.)
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