Lipper Weekly U.S. Fund Flows Video Series - July 4, 2012
Published on 05 Jul 2012 by Matthew Lemieux
Despite the ever increasing concern over global economic conditions, investors closed the quarter out strongly with all major U.S. equity indices ending June with monthly returns well over 3.5%. Overall, mutual funds and ETFs reported net inflows of $3.2 billion for the week with Equity products garnering an impressive $10.3 billion—their largest weekly gain since September 14, 2011. Unfortunately this action did not seem to be a broad indicator of market sentiment as roughly $7.0 billion was solely attributed to what seems to be large institutional moves into the SPDR S&P 500 ETF (SPY). Taxable Bond funds ended the period with net outflows of just $100 million. Although fixed income mutual funds (+$1.3 billion) continued to keep investors attention, their ETF counterparts suffered net redemptions of $1.4 billion with investors moving out of shorter term treasury products—a possible side effect of both the continuation of Operation Twist as well as initial reports of positive moves toward new policies in the Eurozone. Municipal Bond funds posted their twelfth consecutive week of inflows at $317 million while Money Market products pushed $7.4 billion out their doors.