Lipper Weekly U.S. Fund Flows Video Series - June 1, 2011
Published on 03 Jun 2011 by Tom Roseen
Tom Roseen reviews Lipper's U.S. weekly fund flows for the week ended June 1, 2011. Witnessing the Dow's worst one-day drop since June 2010 during the week, signs of the global economy losing its momentum, and the ISM manufacturing gauge experiencing its largest one-month drop since 1984, equity investors redeemed just a little less under $100 million, while taxable fixed income investors injected some $1.4 billion into the conventional funds business (exclusive of ETFs) for the week. And despite their ninth consecutive week of plus-side performance, municipal debt funds witnessed their 29th consecutive week of outflows, handing back some $0.5 billion.