IYM - The real estate sector witnesses outflows of fund assets greater than $1B for only the third time in history
TimArbaev/iStock via Getty Images In the latest Refinitiv Lipper U.S. fund flow insight report for the week of July 7, 2021, data shows that the investment community was overall net redeemers of fund assets for the fourth week in a row. Market participants of both conventional funds and exchange traded funds pulled -$12.6B in net outflows from the financial markets. The -$12.6B in outflows is almost four-fold of the previous weeks -$3.3B in net outflows. Breaking down where the fund flows went on the week and traders will see that money market funds witnessed outflows of -$18.5B, equity funds -$4.3B, while taxable bond funds attracted +$8.0B and tax-exempt bond funds pulled in +$2.3B. Exchange traded equity funds recorded overall net outflows for the second week in the past three totaling -$793M. From a sector standpoint, real estate witnessed outflows netting -$1.2B. The only time in history where the real estate
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The real estate sector witnesses outflows of fund assets greater than $1B for only the third time in history