IGLB - U.S. Weekly FundFlows Insight Report: ETF And Fund Investors Focus On Fixed Income During The Fund Flows Week

October, 23 2020 03:57 AM Shares Long-Term Corporate Bond

Fund investors were net redeemers of money market and equity funds during the week, withdrawing $9.3 billion and $5.7 billion, respectively, while being net purchasers of taxable fixed-income funds (+$6.8 billion) and municipal bond funds (+$607 million) this week.
U.S. markets finished in the red for the fund flows week as investors evaluated the impact of an increasing number of COVID-19 cases, the lack of agreement on another round of fiscal stimulus on Capitol Hill, and the upcoming presidential election on the market and general economy.
On the domestic side, the NASDAQ Composite Price Only Index (-2.41%) suffered the largest declines for the fund flows week of the broadly followed U.S. indices, while the Dow Jones Industrial Average Price Only Index (-1.06%) did the best job mitigating losses.

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Company Name:	Shares Long-Term Corporate Bond
Stock Symbol:	IGLB
Market:	NYSE