Investors pulled money from S&P 500 index funds, with ETFs seeing a $14.7 billion outflow.

From Investing.com: 2024-06-17 04:13:00

Investors purchased a net $6.3 billion in fund assets during the LSEG Lipper’s fund-flows week. Money market funds, taxable bond funds, alternative investments, and tax-exempt bond funds saw inflows while equity funds, mixed-assets funds, and commodities funds reported outflows. Active equity funds suffered outflows for 12 straight weeks, while passive equity funds saw their third-largest weekly outflow in over 500 weeks. ETFs saw an inflow of $502 million, led by iShares Trust.

In the index performance, U.S. broad-based equity indices had mixed returns, while broad-based fixed income indices also saw mixed returns. Overseas, some indices appreciated while others saw losses. Treasury yields rose while the 30-year fixed-rate average decreased.

Exchange-traded equity funds had a large weekly outflow of $14.7 billion, with large-cap equity ETFs leading the way. Sector equity ETFs, equity income ETFs, and developed global markets ETFs saw inflows. Exchange-traded fixed income funds observed a $6.8 billion weekly inflow, with general domestic taxable fixed income ETFs leading the way.

Conventional equity funds had weekly outflows, with large-cap, multi-cap, and mid-cap funds seeing the most outflows. Emerging markets equity funds were the only subgroup to post an inflow. Conventional taxable-fixed income funds had outflows, with short/intermediate investment-grade funds leading the way. Municipal bond conventional funds saw gains.



Read more at Investing.com: S&P 500 Index Funds See Largest Weekly Outflow on Record