TLT - Investors were buyers of fund assets on the week adding $35B to the space
2023-07-28 08:50:28 ET
Market participants found themselves to be overall net buyers of fund assets for the second consecutive week which included both exchange traded funds and conventional funds as they injected $35.5B into the space.
In total, investors were overall purchasers of money market funds as they added $28.8B. At the same time, equity funds took in $3.2B, taxable bond funds amassed $2.9B, and tax-exempt fixed income funds attracted $552M for the week.
Equity focused exchange traded funds noticed net capital inflows for the fifth consecutive week as the area was able to attract $10.3B. At the top of the list, were the iShares Core S&P 500 ETF ( NYSEARCA: IVV ) and the Invesco QQQ Trust 1 ( NASDAQ: QQQ ). IVV was able to bring in $3.7B and QQQ added $2.6B.
In reverse, the iShares US Technology ETF ( IYW ) and the iShares MSCI USA Quality Factor ETF ( BATS: QUAL ) suffered the largest weekly outflows as IYW gave back $1.8B and QUAL lost $1.7B.
From a fixed income ETF vantagepoint, the iShares 20+ Year Treasury Bond ETF ( NASDAQ: TLT ) attracted the most significant amount of capital at $3.1B. Following TLT, was the iShares Treasury Floating Rate Bond ETF ( TFLO ), which was able to attract $3B.
On the other end of the spectrum, the iShares US Treasury Bond ETF ( GOVT ) and the Schwab Short-Term US Treasury ETF ( SCHO ) noticed the largest retractions. GOVT handed back $2.9B while SCHO watched $1.8B exit the door.
All fund flow data is per the latest Refinitiv Lipper weekly fund flow report .
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Investors were buyers of fund assets on the week, adding $35B to the space