FMB - Investors retract $23.5B of fund assets on the week its second consecutive week of outflows

The financial community were net sellers of fund assets including both conventional funds and exchange traded funds for the week according to the latest Refinitiv Lipper fund flow report. Investors retracted a total of $23.5B from the marketplace, marking the second week in a row of consecutive redemptions. Outflows came from all corners of the market as equity funds lost $8.6B, taxable bond funds took back $6.7B, money market funds watched $5.8B exit the door, and tax-exempt fixed income funds lost $2.4B. Equity ETFs were one of the markets brighter spots as the space as a whole attracted $647M in net new money. Leading the way was the SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) and the iShares Russell 2000 ETF (NYSEARCA:IWM). For the week SPYD garnered $1.3B and IWM pulled in $930M. Meanwhile, the largest weekly equity ETF retractors were the SPDR Gold Shares (NYSEARCA:GLD), which gave back $1.3B and the iShares MSCI

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Investors retract $23.5B of fund assets on the week, its second consecutive week of outflows