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Lipper U.S. Weekly FundFlows Insight Report: Funds Take In Net New Money For The 10th Straight Week Paced By Money Market, Taxable Bond Funds

May 08, 2020 2:31 PM ET
Pat Keon, CFA profile picture
Pat Keon, CFA


  • Money market funds took in net new money for the tenth straight week.
  • Equity funds suffered net negative flows of $15.6 billion.
  • Taxable bond funds experienced net inflows of $11.9 billion.
  • Municipal bond funds had net outflows of $408 million.

Lipper’s fund asset groups (including both mutual funds and ETFs) took in net new money totaling $28.8 billion for the fund-flows trading week ended Wednesday, May 6. This week’s net inflows were driven by money market funds (+$32.8 billion) and taxable bond funds (+$11.9 billion), while equity funds (-$15.6 billion) and municipal bond funds (-$408 million) both suffered net outflows.

Market Overview

Equity markets were down this week—the Dow Jones Industrial Average, S&P 500 Index, and NASDAQ Composite Index retreated 3.93%, 3.10%, and 0.68%, respectively. The majority of the losses suffered by the indices occurred during the first part of the trading week as the equity markets were weighed down by President Donald Trump’s threat of retaliatory tariffs against China, as well as the release of a flurry of poor economic data. On the economic front, consumer spending fell a record-setting 7.3% in March while manufacturing activity in the U.S. fell to an 11-year low in April. In addition, U.S. corporations started to forewarn of the potential earnings carnage to come as Apple stated that it’s impossible to forecast its Q2 results given the current economic landscape, and Amazon gave guidance that it’s possible the company could record its first quarterly loss in five years.

President Trump floated the idea of hitting China with additional tariffs as his administration started to explore ways to exact some type of financial compensation from the Chinese government for the manner in which it handled the outbreak of the coronavirus. Stocks recouped some of their losses in mid-week trading on the strength of parts of the U.S. (as well as other countries) beginning to awaken from their self-imposed coronavirus-induced economic slumber. Investor sentiment took another downturn at week’s end as monthly unemployment data indicated that private employers in the U.S. laid off more than 20.2 million workers during April. Total

This article was written by

Pat Keon, CFA profile picture
Pat Keon is a senior research analyst at Lipper specializing in U.S fund classifications and portfolio analytics. Pat joined the firm in 2005 and has worked in the research and portfolio groups during his tenure. Pat has earned an MBA from Regis University (Denver, CO) and a Bachelor's from Iona College (New Rochelle, NY).

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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