Tuesday, October 20, 2020
Home Business Funds stream out of cash market, fairness funds and into ETFs: Refinitiv...

Funds stream out of cash market, fairness funds and into ETFs: Refinitiv Lipper (NYSEARCA:IVV)

Outflows from cash markets (-$50.5B) and fairness funds (-$2.8B) accounted for the week’s total $45.7B of web outflows for the fund-flows buying and selling week ended Sept. 16, marking the eighth straight week of web detrimental flows, based on Refinitiv Lipper.

ETFs, although, took in new cash, $9.9B, for the fourth straight week, with the online optimistic flows roughly evenly break up between fairness (+$5.3B) and taxable bond (+%4.5B) asset teams.

Muni bond ETFs pitched in $110M of optimistic inflows.

Two S&P 500 ETFs — iShares Core S&P 500 ETF (NYSEARCA:IVV) (+$4.2B) and SPDR S&P 500 ETF (NYSEARCA:SPY) (+$2.4B) — accounted for probably the most particular person web inflows amongst fairness ETFs.

For taxable bond ETFs, web optimistic flows had been led by iShares Brief Treasury Bond ETF (NASDAQ:SHV) (+$1.0B) and iShares Core U.S. Mixture Bond ETF (NYSEARCA:AGG) (+$647M).

Fairness mutual funds noticed $8.1B of latest cash depart, the twenty first straight week of outflows.

Cash markets skilled web outflows in 16 of the final 18 weeks, for complete detrimental flows of $362B. They misplaced $50.5B of flows this week, the group’s Tenth-largest in its historical past.

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