SPY - Money markets witness outflows for the fourth week out of five totaling $5B

Market participants were overall net buyers of fund assets, including ETFs and conventional funds totaling $991M, according to the latest Refinitiv Lipper U.S. fund flow insight report. Money market funds withdrew $5B, which is the fourth week of outflows in the past five. Additionally, taxable bond funds took in $3.2B, equity funds attracted $2.1B, and tax-exempt bond funds garnered $603M. Dissecting the data, investors will see that the equity ETFs attracted $8B of net new capital, its fifth straight week of inflows led by SPDR S&P 500 ETF (NYSEARCA:SPY) and iShares: Core S&P 500 (NYSEARCA:IVV). SPY took in $2.2B, and IVV attracted $1.4B. In reverse, ProShares: UltraPro QQQ (NASDAQ:TQQQ) witnessed outflows of $1.B, and the iShares: Russel 1000 ETF (NYSEARCA:IWB) lost -$785M. Both were the two most significant outflows among all equity ETFs on the week. From a fixed income ETF vantage point, the Shares: 7-10 Treasury Bond ETF (NASDAQ:IEF) and iShares: Core US Aggregate Bond ETF (NYSEARCA:AGG) yielded the greatest inflows at $779M $635M.

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Money markets witness outflows for the fourth week out of five, totaling $5B