- Investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the eighth consecutive week as they injected $62.1 billion into the market during Refinitiv Lipper's fund-flows week ended March 31, 2021.
- As Q1 ended yesterday, we continued to see fund-flow themes from growth and technology into reopening stocks and financials.
- Exchange-traded equity funds realized their eighth straight week of net inflows (+$2.5 billion) and their twenty-third week of positive inflows in the last 25. The rotation trade into financial and energy stocks is certainly prevalent under this subgroup.
- Taxable fixed income ETFs attracted $5.2 billion in net inflows, marking its largest total inflow since October 2020 and the twentieth largest weekly inflow of all time.
- Conventional equity funds (ex-ETF) were net purchasers for the third week in four, taking in $147 million.
For further details see:
U.S. Weekly FundFlows Insight Report: Q2 Opening Day: Investors Continue Trend Into Short-Term Assets