SPY - Investors were sellers of fund assets for the first week in three
2024-01-12 11:43:15 ET
Market participants found themselves to be overall net sellers of fund assets which included both exchange traded funds and conventional funds for the first week in the past three. In total, investors retracted $2.1B for the week that ended on January 10.
Investors were net buyers of fixed income funds and money market funds as those segments attracted $5.5B and $4.3B, respectively. On the other hand, market participants retracted money from mixed asset funds -$328M, alternatives funds -$458M, commodity funds -$1.5B, and equity funds -$9.6B.
The two equity focused ETFs that were able to attract the most significant amount of net new money on the week were the iShares Core S&P 500 ETF ( NYSEARCA: IVV ) at +$2.4B and the Invesco QQQ Trust Series 1 ( NASDAQ: QQQ ) at +$1.3B.
At the other end of the spectrum the two funds that notice the most amount of outflows on the week were the SPDR S&P 500 ETF Trust ( NYSEARCA: SPY ) at -$9.2B and the iShares Russell 2000 ETF ( NYSEARCA: IWM ) at -$1.8B.
Switching gears to the fixed income ETF landscape, and it can be observed that the two funds that brought in the largest amount of capital on the week were the iShares iBoxx $ Investment Grade Corporate Bond ETF ( LQD ) at +$3.5B and the iShares 20+ Year Treasury Bond ETF ( TLT ) at +$700M.
In reverse, the two exchange traded funds that suffered the most significant amount of outflows were the US Treasury 3 Month Bill ETF ( TBIL ) at -$2.7B and the US Treasury 6 Month Bill ETF ( XBIL ) at -$544M.
Fund flow data is per the latest Refinitiv Lipper fund flow report.
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Investors were sellers of fund assets for the first week in three