2023-03-17 08:21:40 ET
For the third straight week investors were net buyers of fund assets which included both exchange traded funds and traditional funds. For the week ending March 15th, market participants pumped $88.4B of net capital into the fund market.
At the top of the leaderboard were money market funds as they took in $108B on the week. At the same time, equity funds lost $17.7B, taxable bonds took back $1.5B, and tax-exempt fixed income funds witnessed outflows of $461M.
Equity ETFS gave back $11.9B on the week, which signified the areas third week of outflows in four. At the top of the list included the world’s largest ETF in the SPDR S&P 500 ETF ( NYSEARCA: SPY ) which handed back $8B. Next in line was the Energy Select Sector SPDR ETF ( NYSEARCA: XLE ), as it lost $1B on the week.
On the flip side, the SPDR S&P Regional Banking ETF ( NYSEARCA: KRE ) attracted the most significant cash at $1.4B, while SPDR Gold Trust ( NYSEARCA: GLD ) came in second as it pulled in $501M.
The fixed income exchange traded fund leaders were headed by the SPDR Bloomberg 1-3 Month T-Bill ETF ( BIL ) which pulled in $2.5B and the iShares 7-10 Year Treasury Bond ETF ( IEF ) as it brought in $1.2B.
On the other side, the fixed income ETFs that lost the largest amount of weekly capital were the SPDR Bloomberg High Yield Bond ETF ( JNK ), which took back $627M, followed by JPMorgan Ultra-Short Income ETF ( JPST ) which lost $472M.
Data is per the latest Refinitiv Lipper fund-flow weekly report.
In broader financial news, U.S. stock futures treaded water on Friday, dipping marginally, amid lingering banking concerns.
For further details see:
Money market funds attract $108B worth of new capital on the week