BIL - Investors retracted $20B in fund assets last week led lower by market tracking ETFs

The financial community was overall net redeemers of fund assets for last week, as investors reattracted $20.1B of fund assets from the market which included both conventional funds and exchange traded funds. According to data compiled by Refinitiv Lipper, taxable bond funds watched $11.2B exit the door on the week, equity funds lost $5.4B, and money market funds lost $1.9B. Additionally, tax-exempt bond funds shrunk by $1.6B. From an equity ETF vantage point, the space watched $386M leave the market, marking the area's second consecutive week in outflows. Leading the ETF outflow charge was the iShares: Core S&P 500 ETF (NYSEARCA:IVV) and the Select Sector: Energy SPDR (NYSEARCA:XLE). IVV saw outflows that totaled $1.1B and XLE observed outflows of $695M. At the same time the equity ETFs that attracted the most significant investor capital were the SPDR S&P 500 ETF (NYSEARCA:SPY) at +$5.5B and the iShares: Core S&P Total US Market ETF (ITOT) at +$1.5B. Fixed

For further details see:

Investors retracted $20B in fund assets last week, led lower by market tracking ETFs