SCHO - Investors Take A Wait-And-See Approach During The Most Recent Fund-Flows Week

May, 22 2023 09:55 PM Schwab Short-Term U.S. Treasury

2023-05-22 21:55:00 ET

Summary

With the Q1 earnings season slowly coming to an end, investors have turned their attention back to the Federal Reserve Board’s fiscal policies, the political standoff over the debt ceiling, and economic data - keeping market participants on their toes.
While the average equity fund (including ETFs) posted a 0.28% return for the week ended May 17, investors were net redeemers of equity funds, withdrawing a net $7.0 billion.
For the most recent fund-flows week, conventional taxable bond funds experienced net redemptions to the tune of $1.1 billion, while taxable bond ETFs attracted $2.4 billion.

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Company Name:	Schwab Short-Term U.S. Treasury
Stock Symbol:	SCHO
Market:	NYSE