
For the fourth week in a row, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs), injecting $27.3 billion for Lipper’s fund-flows week ended September 25, 2019. Fund investors were net purchasers of money market funds (+$37.8 billion), municipal bond funds (+$1.6 billion), and taxable fixed income funds (+$427 million). However, they were net redeemers of equity funds (-$12.6 billion). Market Wrap-Up For the fund-flows week ended September 25, 2019, stocks generally suffered negative returns. Even after the Federal Open Market Committee voted to cut its prime lending rate by 25 basis points last