Investors added $39.9 billion to fund assets, with inflows across various types of funds.

From Investing.com: 2024-07-12 08:52:00

During LSEG Lipper’s fund-flows week ending July 3, 2024, investors added a net $39.9 billion to fund assets. Money market funds, equity funds, taxable bond funds, commodities funds, tax-exempt bond funds, and alternative investment funds attracted inflows. However, mixed-assets funds saw outflows. Active equity funds reported their largest weekly outflow since January, while passive equity funds had the second-largest weekly inflow of the year. Fixed-income funds, both active and passive, saw inflows, with spot bitcoin ETFs also experiencing an inflow.

U.S. broad-based equity indices mostly had positive returns, while broad-based fixed-income indices saw losses. Overseas indices had a strong showing. Yields fluctuated over the week, with some indices rising and some falling. The 30-year fixed-rate average increased, and the Federal Reserve is likely to leave interest rates unchanged at its next meeting on July 31, 2024.

Exchange-traded equity funds had a weekly inflow of $19.0 billion. Large-cap ETFs, multi-cap ETFs, and developed global markets ETFs saw the largest inflows, while world sector equity ETFs, small-cap ETFs, and emerging markets equity ETFs witnessed the top outflows. iShares Core S&P 500 ETF and Invesco QQQ Trust Series 1 were the top equity ETF flow attractors.

Exchange-traded fixed-income funds attracted a $982 million weekly inflow, with general domestic taxable fixed-income ETFs leading in inflows. Short/intermediate investment-grade ETFs, high yield ETFs, and short/intermediate government & Treasury ETFs recorded outflows. Municipal bond ETFs saw outflows, while iShares 20+ Year Treasury Bond ETF and iShares iBoxx $ Investment Grade Corporate Bond ETF attracted the most net new money.

Conventional equity funds (ex-ETFs) had weekly outflows for the 125th week straight, with large-cap funds, multi-cap funds, and small-cap funds seeing the most outflows. Among conventional fixed-income funds, short/intermediate investment-grade funds, general domestic taxable fixed-income funds, and high-yield funds led in net inflows, while government & Treasury fixed-income funds, world income funds, and emerging markets debt funds saw outflows.



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