
For the first week in 12, investors were overall net redeemers of fund assets (including those of conventional funds and ETFs), withdrawing $13.7 billion for Lipper’s fund-flows week ended November 20, 2019. Once again, fund investors were net purchasers of taxable fixed income funds (+$12.4 billion, their largest weekly net inflows since February 4, 2015) and municipal bond funds (+$2.0 billion). However, they were net redeemers of money market funds (-$25.3 billion, their largest weekly outflows since April 17, 2019) and equity funds (-$2.8 billion) this week. Market Wrap-Up For the fund-flows week ended November 20, 2019, investors remained generally