IWN - Equity ETFs witness weekly outflows for the second week in three

Photo by Athitat Shinagowin/iStock via Getty Images The U.S. weekly fund flows insight report by Refinitiv Lipper ending June 2nd, 2021, shows that the investment community was overall net purchasers of fund assets, both traditional funds and exchange traded funds totaling +$5.7B.When examining the breakdown of investor data, it can be seen that money market funds saw inflows of +$6.5B, taxable bond funds +$2.8B, and tax-exempt bond funds +$997M. Additionally, equity funds witnessed redemptions on the week of -$4.6B.Equity-based exchange traded funds recorded -$276M in weekly net outflows. Equity ETFs have now witnessed outflows for the second week out of the past three.On the week, the two exchange traded funds that witnessed the most significant inflows were SPDR S&P 500 ETF (SPY) +$1.6B and iShares: Russell 2000 ETF (IWN) +$948M. Meanwhile, four different ETFs saw outflows greater than $1B. The four ETFs that saw the largest outflows were iShares: MSCI

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Equity ETFs witness weekly outflows for the second week in three