By Tom Roseen
For the first week in six, investors were overall net redeemers of fund assets (including those of conventional funds and ETFs), withdrawing $23.9 billion for Lipper's fund flows week ended April 8, 2020. Fund investors were net purchasers of money market funds (+$71.8 billion), but were net redeemers of equity funds (-$62.3 billion - a weekly record - with several caveats below), taxable fixed-income funds (-$31.0 billion), and municipal bond funds (-$2.3 billion) this week.
Market Wrap-Up
For the fund flows week ended April 8, 2020, markets chalked up plus-side returns, recovering