Wall Street investors found themselves to be net buyers of fund assets for the first week in three as market participants injected $5.6B into the fund market, which included both conventional funds and exchange traded funds.
For the week ending on February 13th the investment community watched money market funds amass $8.7B worth of investor capital. At the same time, equity funds lost $1.7B, taxable bond funds retracted $1.3B, and tax-exempt bond funds took back $68M.
Equity-based ETFs notched inflows of $783M on the week which marked the fourth consecutive week of positive cash intakes. Among the ETF inflow leaders were the First Trust Financials AlphaDEX ETF ( FXO ) which attracted $831M and the JPMorgan Equity Premium Income ( NYSEARCA: JEPI ) which accumulated $454M.
At the other end of the spectrum the two equity-focused exchange traded funds that watched the most money exit the door included the popular SPDR S&P 500 ETF ( NYSEARCA: SPY ), as it lost $2.8B and the iShares MSCI USA Minimum Volatility Factor ( USMV ), which gave back $846M.
Fixed income-based ETFs noticed an exodus of $2.1B on the week with the iShares iBoxx Yield Corporate Bond ETF ( NYSEARCA: HYG ) giving back $2.4B and the iShares iBoxx Grade Corporate Bond ETF ( NYSEARCA: LQD ) losing $1.8B.
In reverse, the iShares 10-20 Treasury Bond ETF ( TLH ) and SPDR Portfolio Short-Term Treasury ETF ( SPTS ) brought in the most significant capital at $765M and $459M respectively.
Data is per the latest Refinitiv Lipper fund flow weekly report.
In broader financial news, stock index futures pointed to a lower open Tuesday following the Presidents Day holiday.
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Investors pump $5B into the fund market, marking weekly inflows for the first week in three