MINT - Equity ETFs experienced weekly outflows for the seventh week in eight

The investment community found themselves to be net weekly sellers of fund assets totaling $16.7B which include both exchange traded funds and conventional funds according to the latest Refinitiv Lipper fund-flows report. Additionally, equity-based ETFs experienced outflows for the seventh week out of the past eight.

Leading the retraction were money market funds as they withdrew $14.1B from the markets. Following up next were equity funds, as they observed $7.5B in outflows. The inflow leaders were taxable bond funds and tax-exempt bond funds as they both took in $3.9B and $1.1B respectively.

Equity exchange traded funds took back $527M for the week which marked the space’s seventh week of outflow in its past eight weeks. Retracting the most investor capital was the SPDR S&P 500 ( NYSEARCA: SPY ) and Invesco S&P 500 High Dividend Low Volatility ( SPHD ) as they both lost $5.9B and $785M.

On the other end, the two equity ETFs that pulled in the greatest amount of capital were the Select Sector: Technology SPDR ( NYSEARCA: XLK ) and Select Sector: Consumer Discretionary SPDR ( NYSEARCA: XLY ) as they attracted $785M and $641M.

From a fixed income ETF vantagepoint the two funds that garnered the most inflows were the iShares: iBoxx Grade Corporates ( LQD ), taking in $1.4B and the iShares: 20+ Treasury Bond ETF ( NASDAQ: TLT ) as it attracted $1.3B.

In reverse, SPDR Bloomberg 1-3 Month T-Bill ( BIL ) and the PIMCO ETF: Enhanced Short Maturity Active ( MINT ) suffered the greatest capital losses of $1.2B and $537M.

In broader market news, major averages move higher in what appears to be a risk off session.

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