2024-02-16 10:18:48 ET
Summary
- For the second month in three, mutual fund investors were net purchasers of fund assets, injecting $24.4 billion into conventional funds for January.
- Money market funds (+$54.5 billion) witnessed net inflows for the third consecutive month.
- Fixed income funds (+$26.7 billion) experienced net inflows for the first month in six, while investors were net sellers of stock & mixed-assets funds (-$56.8 billion) for the thirty-fourth month.
- APs were net purchasers of ETFs, injecting $65.9 billion for January.
- Fixed income ETFs (+$49.0 billion, a record amount) witnessed net inflows for the twenty-fourth straight month, while investors were net purchasers of stock & mixed-assets ETFs (+$17.0 billion).
Investors were net purchasers of mutual fund assets for the second month in three, injecting $24.4 billion into the conventional fund business (excluding ETFs, which are reviewed in the section below). However, the headline numbers are a bit misleading....
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Fixed Income ETFs Attract Record Net Inflows In January After The SEC Approves Bitcoin ETFs