XLF - Investors pump nearly $14B into ETFs & conventional funds last week
2023-05-15 10:36:39 ET
Market participants found themselves to be net purchasers of fund assets for the week that ended May 10th as investors injected $13.4B to the fund space which included both exchange-traded funds and conventional funds.
The inflows were led by money market funds as they took in $16.4B while taxable bond funds attracted $726M. On the other side of the fence, equity funds watched $3.7B exit the door and tax-exempt bond funds saw a retraction of $102M.
Equity focused exchange traded funds suffered outflows of $2.6B on the week. The top two outflow leaders were the Select Sector: Financial Services SPDR ( NYSEARCA: XLF ) and the iShares: Russell 2000 ETF ( IWM ). XLF lost $1.4B and IWM gave back $899M.
In reverse, the two equity funds that were able to garner the most significant amount of cash where the SPDR S&P 500 ETF ( NYSEARCA: SPY ) at $4.4B and the SPDR Gold ( NYSEARCA: GLD ) at $700M.
On the fixed income ETF front the space noticed inflows that totaled $2.4B. Of the group, the iShares: 20+ Treasury Bond ETF ( NASDAQ: TLT ) and the Bond Bloxx Bloomberg One Year Target Duration US Treasury ETF ( XONE ) brought in the most capital as they took in $551M and $514M respectively.
On the other end of the spectrum the iShares: iBoxx Grade Corporates ( LQD ) experienced the largest outflows at $575M and was followed by the SPDR Bloomberg High Yield Bond ETF ( JNK ) as it lost $348M.
Fund flow data is per the latest Refinitiv Lipper fund flows report.
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Investors pump nearly $14B into ETFs & conventional funds last week