ESGU - Investors injected $115B into money market funds last week

2023-03-27 10:09:59 ET

For the fourth consecutive trading week financial participants injected net positive capital into the fund market which includes both exchange traded funds and conventional funds. On the week, investors pumped $133.3B worth of new money into the fund space with more than $100B heading towards money market funds.

For the week that ended on March 22, money market funds took in $115.6B, equity funds amassed $11.9B, taxable bond funds attracted $5.3B, and tax-exempt bond funds pulled in $427M.

Exchange traded equity funds were able to take in $14.6B worth of capital on the week which signified the space’s second week of inflows out of the past five trading weeks.

At the top of the leaderboard was the SPDR S&P 500 ETF ( NYSEARCA: SPY ) and iShares: MSCI USA Quality Factor ( BATS: QUAL ) as they attracted $13.1B and $6.5B on the week.

In reverse, the iShares: ESG Aware MSCI USA ETF ( ESGU ) gave back the most cash on the week at $5.1B and was followed by the iShares: MSCI USA Momentum Factor ETF ( MTUM ) which lost $1.3B.

From a fixed income ETF vantagepoint, the space brought in $9.2B which was led by the iShares: US Treasury Bond ( GOVT ) taking in $2.9B and the iShares: 7-10 Treasury Bond ETF ( NASDAQ: IEF ) as it amassed $2.3B worth of capital.

At the same time the iShares: Short Treasury Bond ETF ( NASDAQ: SHV ) experienced the most significant outflows at $903M and the iShares: JPM USD Emerging Bond ETF ( EMB ) watched $770M exit the door.

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

In broader financial news, major averages started the trading week in the green as benchmark indices are higher on Monday morning.

For further details see: