SUSA - Investors retract capital from the fund market four the fourth week in six
2024-01-19 08:48:06 ET
Market participants were overall net sellers of fund assets which included both exchange traded funds and conventional funds for the fourth week in six, as investors took back a total of $22.4B.
For the week that ended January 17th, investors watched taxable bond funds take in $7.8B, tax exempt bond funds attracted $897M, and alternative funds added $562M. At the same time, money market funds handed back $22.5B, equity funds lost $8.2B, commodities funds experienced outflows of $651M, and mixed assets funds lost $195M.
During the week, the two equity based exchange traded funds that were able to amass the largest amount of investor capital were the iShares Core S&P 500 ETF ( IVV ) which took in $3.5B and the Invesco NASDAQ 100 ETF ( NASDAQ: QQQM ) as it added $421M.
On the other side, the two equity funds that suffered the largest amount of capital outflows were the SPDR S&P 500 ETF Trust ( NYSEARCA: SPY ) at -$5.1B and the iShares MSCI USA ESG Select ETF ( SUSA ) at -$1.5B.
Looking towards fixed income ETFs and the two funds that were able to garner the largest amount of net new money were the iShares iBoxx Grade Corporate Bond ETF ( NYSEARCA: LQD ) as it brought in $2.1B and the recently launched iShares Bitcoin Trust ( NASDAQ: IBIT ) as it attracted $696M.
At the other end of the spectrum, the two fixed income ETFs that noticed the biggest outflows on the week were the PGIM Ultra Short Bond ETF ( PULS ) at -$254M and the iShares JPMorgan USD Emerging Markets Bond ETF ( EMB ) at -$229M.
Fund flow data is per the latest Refinitiv Lipper fund flow report.
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Investors retract capital from the fund market four the fourth week in six