MBB - Investors are buyers of fund assets for the second straight week injecting nearly $20B

2023-06-16 07:50:53 ET

The financial community found themselves to be overall net buyers of fund assets which included both conventional funds and exchange traded funds for the second week in a row as investors added $19.2B of net new money to the space for the week ending on June 14th.

Market participants injected $19.9B towards equity funds and added another $6.4B to taxable bond funds. In reverse, investors retracted $6.8B from money market funds and they also watched $257M exit the door from tax exempt fixed income funds.

Equity based exchange traded funds noticed inflows for the third week in four as the segment was able to garner $25.2B. At the top of the inflow list was the iShares Russell 2000 ETF ( NYSEARCA: IWM ) and the iShares Core S&P 500 ETF ( NYSEARCA: IVV ). IWM pulled in $2.5B and IVV took in $2.4B.

On the other side of the coin, the two equity focused ETFs that notched the greatest number of outflows on the week were the iShares ESG MSCI USA Leaders ETF ( SUSL ) which took back $2.2B and the SPDR S&P 600 Small Cap ETF (SLY) which lost $1.7B.

From a fixed income ETF lens the two funds that noticed the most significant capital inflows were the iShares iBoxx $ Investment Grade Corporate Bond ETF ( LQD ) at $950M and the iShares MBS ETF ( MBB ) at $792M.

Switching gears and investors will have noticed that the two fixed income funds that took back the greatest amount of cash were the iShares iBoxx $ High Yield Corporate Bond ETF ( NYSEARCA: HYG ) at $291M and the iShares TIPS Bond ETF ( NYSEARCA: TIP ) at $225M.

Fund flow data is per the latest Refinitiv Lipper fund flow report.

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