LIPPER WEEKLY U.S. FUND FLOWS VIDEO SERIES - OCTOBER 10, 2012

Published on 12 Oct 2012 by Matthew Lemieux

U.S. equity markets continued to see-saw as the initial optimism over the central bank announcements quickly lost momentum. For the week ended Wednesday all of the major U.S. indices were in the red by more than a percentage point, with the technology sector taking the brunt of the losses; the NASDAQ ended the period down 2.7%. Surprisingly, the dip in the markets did not seem to have a large impact on fund investors. Looking at the corresponding flows for the week, mutual funds and ETFs reported net inflows of $3.7 billion, with investors continuing to place the majority of new cash into taxable bond products (+$2.3 billion). The equity group was once again mixed; stock mutual funds posted net outflows of $1.1 billion, while their ETF counterparts continued to garner assets of $2.1 billion net. Interest in municipal debt funds jumped as investors injected $915 million into the group—their largest weekly net inflow since mid-August. Money market fund flows were relatively flat, ending the week with net redemptions of $506 million.

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