Investors added $39.4 billion to fund assets, with money market funds seeing the most inflows.

From Investing.com: 2024-06-13 02:11:00

During LSEG Lipper’s fund-flows week ending June 5, 2024, investors added a net $39.4 billion to fund assets, the largest weekly inflow in nine weeks. Money market funds saw the most inflows, followed by taxable bond, equity, tax-exempt bond, and commodities funds. Active equity funds suffered outflows for 11 straight weeks, while passive equity funds attracted new capital. Both active and passive fixed-income funds saw inflows.

In terms of index performance, U.S. broad-based equity indices reported gains, as did broad-based fixed-income indices. Overseas broad-based indices mostly saw positive returns, with some exceptions. Treasury yields fell throughout the week.

Exchange-traded equity funds recorded a $9.0 billion weekly inflow, with large-cap equity ETFs attracting the most capital. Exchange-traded taxable fixed-income funds observed a $1.9 billion weekly inflow. Conventional equity funds witnessed weekly outflows, while conventional fixed-income funds saw inflows after five weeks. Municipal bond funds experienced inflows after four weeks.



Read more at Investing.com: Money Market Funds Add $29.2 Billion During First Week of June