The money market funds asset group set a record for net inflows (+$259.8 billion) for the third consecutive week as the economic impact of the coronavirus continued to wreak havoc on investing. Conversely, taxable bond funds (-$62 billion) and municipal bond funds (-$13.7 billion) each had record-setting net outflows for the second consecutive week, while equity funds saw $27.1 billion leave as investors rushed to put assets on the sidelines.
Overall, Lipper's fund asset groups (including both mutual funds and exchange-traded funds) took in $157 billion of net new money for the fund-flows trading week