Lipper Weekly U.S. Fund Flows Video Series - January 25, 2012
Published on 27 Jan 2012 by Tom Roseen
The Market cheered the news that the Fed planned to keep interest rates low through late 2014 and that better-than-expected earnings and guidance was reported from the likes of Apple, IBM, and Microsoft. Investors injected $7.7 billion into equity funds (including ETFs), $6.2 billion into fixed income funds (the largest weekly inflows since November 2009), and $0.5 billion into tax-exempt bond funds for the week ended January 25, 2012. However, money market fund outflows of $19.2 billion overwhelmed the inflows of the other macro-groups, leaving investors net redeemers of fund assets to the tune of $4.8 billion.
Equity ETFs accounted for $6.6 billion of the net new money for the week, while open-end equity funds (+$1.1 billion) experienced their third consecutive week of inflows, with the four-week moving average returning to the black (+$0.3 billion) for the first week since September 7, 2011--a signal that investor interest in equity funds is gaining momentum.