IEF - U.S. Weekly FundFlows Insight Report: Investors Take Their Foot Off The Flows Pedal For The Week
- Fund investors were net purchasers of equity funds (+$2.0 billion), tax-exempt fixed income funds (+$1.2 billion), and taxable bond funds (+$320 million) while being net sellers of money market funds (-$1.4 billion) for the week.
- Early in the fund-flows week, U.S. stocks lost some ground as investors evaluated the rise in COVID-19 cases and after Amazon reported Q2 earnings that missed analyst expectations.
- Equity ETFs witnessed their second week of net inflows - attracting $2.8 billion for the most recent fund-flows week.
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U.S. Weekly FundFlows Insight Report: Investors Take Their Foot Off The Flows Pedal For The Week