- During Refinitiv Lipper’s fund flows week ended May 4, 2022, investors were overall net redeemers of fund assets (including both conventional funds and ETFs) for the fourth week in five, withdrawing a net $11.5 billion from the market.
- As of May 5, the average contract rate for U.S. 30-year fixed-rate mortgages with conforming loan balances rose to 5.27%—the highest level since 2009.
- The U.S. Dollar Index, which measures the currency’s relative strength against other developed world currencies, climbed 1% to its highest level since 2002.
For further details see:
U.S. Weekly Fund Flows Insight Report: Investors Prefer ETFs Over Mutual Funds As Interest Rates Increase