XLV - Investors Turn To ETFs And Give A Cold Shoulder To Conventional Funds In May

June, 15 2022 09:15 PM SPDR Select Sector Fund - Health Care

For the fifth straight month, mutual fund investors were net redeemers of fund assets, withdrawing $129.6 billion from conventional funds for May.
Fixed income funds (-$90.7 billion) witnessed net outflows for the sixth month in a row, while money market funds (-$1.3 billion) handed back money for the second month in a row.
For the fourteenth straight month, investors were net sellers of stock & mixed-assets funds (-$37.6 billion).
APs were net purchasers of ETFs, injecting $68.0billion for May.
And, for the fourth month in a row, fixed income ETFs (+$34.5 billion for May) witnessed net inflows while investors were net purchasers of stock & mixed-assets ETFs (+$33.5 billion).

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Company Name:	SPDR Select Sector Fund - Health Care
Stock Symbol:	XLV
Market:	NYSE