Lipper Weekly U.S. Fund Flows Video Series - October 5, 2011
Published on 07 Oct 2011 by Matthew Lemieux
Matthew Lemieux reviews Lipper's U.S. weekly fund flows for the week ended October 5, 2011.
As the third quarter ended investors took tally of how bad things actually were. The S&P 500 ended the three-month span with negative returns of 14.33 percent, the worst quarter of performance since the financial crisis took hold in Q4 2008. Although the flows week ended on a positive note investors continued to move out of risk assets. For the week the conventional mutual fund business posted inflows of $3.6 billion with most of any positive asset numbers going to money market funds (+6.2 billion). Equity mutual funds posted their fourth consecutive week of outflows with $638 million in net sales. Taxable bond funds also could not avoid investor’s concerns as the group posted their largest week of outflows, at $1.8 billion, since August 17th of this year. Municipal Bond funds broke their four week winning streak as they posted net outflows of $153 million, possibly attributed to bailout concerns circulating over the Franco-Belgium bank Dexia.