Lipper Weekly U.S. Fund Flows Video Series - January 4, 2011
Published on 06 Jan 2012 by Tom Roseen
Tom Roseen reviews Lipper's U.S. weekly fund flows for the week ended January 4, 2012. After a quiet end to 2011 the first day of the New Year brought optimism to the markets with global manufacturing data showing positive signs of life. Unfortunately the mood did not translate into positive flows as mutual fund and ETF investors were net redeemers of roughly $3.1 billion. Equity funds accounted for half of all outflows, giving back $2.7 billion for the week. ETFs accounted for the most activity as the iShares MSCI EAFE Index ETF (EFA) drew in roughly $513 million and the SPDR S&P 500 Index ETF (SPY) posted net outflows of $1.1 billion. Taxable bond funds (+$1.7 billion) extended their inflow streak to three weeks, with investors continuing to show preference for quality over risk. Corporate investment grade bond funds attracted $1.1 billion in net new assets while mortgage funds followed suit with $257 million. Money market funds recorded their second consecutive week of outflows with $2.6 billion in net redemptions. Despite strong inflows for November and December the group ended the year down with approximately $146.3 billion in outflows. Lastly, municipal bond funds continued to draw assets with $523 million, ending 2011 with inflows for 16 of the past 18 weeks.