For the third week running, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs), injecting $10.2 billion for Lipper's fund-flows week ended January 8, 2020. Fund investors were net purchasers of taxable fixed income funds (+$12.2 billion), money market funds (+$4.3 billion), and municipal bond funds (+$2.9 billion). However, once again, they were net redeemers of equity funds (-$9.2 billion) this week.
Market Wrap-Up
For the fund-flows week ended January 8, 2020, investors warmed to the U.S./China trade discussions, news that the People's Bank of China ((PBOC)) lowered its