For the first week in five fund investors were net redeemers of fund assets (including those of conventional funds and exchange-traded funds [ETFs]), withdrawing $5.3 billion for the fund-flows week. Investors padded the coffers of equity funds (+$6.8 billion), but they were net redeemers of municipal bond funds (-$2.0 billion), money market funds (-$4.4 billion), and taxable bond funds (-$5.8 billion). Tom Roseen highlights the weekly flows trends for both conventional funds and ETFs in this video series.
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