Outflows from money markets (-$50.5B) and equity funds (-$2.8B) accounted for the week’s overall $45.7B of net outflows for the fund-flows trading week ended Sept. 16, marking the eighth straight week of net negative flows, according to Refinitiv Lipper.
ETFs, though, took in new money, $9.9B, for the fourth straight week, with the net positive flows roughly evenly split between equity (+$5.3B) and taxable bond (+%4.5B) asset groups.
Muni bond ETFs pitched in $110M of positive inflows.
Equity mutual funds saw $8.1B of new money leave, the 21st straight week of outflows.
Money markets experienced net outflows in 16 of the last 18 weeks, for total negative flows of $362B. They lost $50.5B of flows this week, the group’s 10th-largest in its history.