SPY - U.S. Weekly FundFlows Insight Report: Despite New Market Highs Fund Investors Shun Equities During The Fund-Flows Week
Despite a red-hot stock market, for the fourth week in a row, investors were overall net redeemers of fund assets (including those of conventional funds and ETFs), withdrawing $36.9 billion for Refinitiv Lipper's fund-flows week ended September 2, 2020. Fund investors were net purchasers of taxable fixed income funds (+$12.3 billion) and municipal bond funds (+$139 million) while being net redeemers of equity funds (-$8.0 billion) and money market funds (-$41.3 billion) this week.
Market Wrap-Up
U.S. markets hit new record highs during the fund-flows week after Wall Street recorded its strongest August return in