LIPPER WEEKLY U.S.FUND FLOWS VIDEO SERIES - SEPTEMBER 5, 2012
Published on 07 Sep 2012 by Tom Roseen
Tom Roseen discusses Lipper's U.S. weekly fund flows. For the first week in three equity ETFs suffered net redemptions, handing back some $5.9 billion. Just one fund accounted for the majority of the outflows: SPDR S&P 500 ETF (-$6.0 billion). Excluding ETFs, for the fourth week in a row equity funds witnessed net redemptions (-$0.9 billion) as domestic equity funds suffered just a little under $1.0 billion in net redemptions and nondomestic equity funds took in a little less than $99 million. Investors took their foot off the gas pedal in the risk-on fixed income space, injecting just $60 million into corporate high yield debt funds. However, conventional mutual fund investors, in their continued pursuit of yield, padded the coffers of Lipper’s Corporate Investment-Grade Debt Funds (+$738 million) and Flexible Income Funds (+$262 million) classifications. For the twenty-first consecutive week municipal debt funds (ex-ETFs) experienced net inflows, $0.2 billion this time.