18 Nov 2011, by
Tom Roseen reviews Lipper's U.S. weekly fund flows for the week ended November 16, 2011. Despite late-week European debt issues and new concerns about U.S. banks, mutual fund investors injected a net $10.0 billion into mutual funds--including ETFs--for the week ended November 16. Earlier in the week, investors cheered better-than-expected initial jobless claims, a jump in exports, and a 0.5%-leap in October retail sales and were net purchasers of equity funds, injecting $2.8 billion. Equity funds, including ETFs, witnessed their fifth consecutive week of net inflows; however, ex-ETFs saw their second week of outflows (-$0.2 billion).
Interestingly, perhaps as a result of the on again/off again European debt issues, weary investors for the sixth consecutive week injected some $2.8 billion into taxable fixed income funds and for the second week in a row padded the coffers of money market funds to the tune of $2.9 billion. Municipal bond funds witnessed their sixth consecutive week of net inflows, taking in about $493 million.