Investors Embrace Bond Funds And ETFs In June

Jul. 20, 2021 12:20 AM ET, , , , , , , , , 1 Comment
Tom Roseen
1.71K Followers

Summary

  • For the first month in seven, mutual fund investors were net sellers of fund assets, removing $51.8 billion from conventional funds for June.
  • Fixed income funds (+$54.6 billion for June) witnessed net inflows for the fourteenth month in a row, while money market funds (-$77.0 billion) experienced net outflows for the first month in five.
  • For the third straight month, investors were net sellers of stock & mixed-assets funds (-$39.4 billion).
  • APs were net purchasers of ETFs, injecting $73.3 billion for June, for their twenty-second month of consecutive inflows.
  • And for the fifteenth month in a row, fixed income ETFs (+$18.6 billion for June) attracted net new money, while investors padded the coffers of stock & mixed-assets ETFs (+$54.6 billion), their thirteenth straight month of net inflows.

A background of scattered one-hundred-dollar bills over the entire space, close-up in the middle of a stack and a roll of dollars in the shape of a ship.
Andrei Barmashov/iStock via Getty Images

Investors were net redeemers of mutual fund assets for the first month in seven, withdrawing $51.8 billion from the conventional funds business (excluding ETFs, which are reviewed in the section below) for June. For the third month in a row, stock & mixed-assets

This article was written by

1.71K Followers
Tom Roseen is the Head of Research Services, joining from Janus in 1996. He is the editor and an author of Lipper's U.S. Research Studies, FundFlows Insight Reports and FundIndustry Insight Reports. He is involved in fund analysis and research, and contributes to the monthly and quarterly equity and fixed income FundMarket Insight reports, webcasts and podcasts, where he focuses on domestic and world fund performance and attribution. His areas of expertise include closed-end fund analysis, portfolio evaluation, equity and fixed income fund research, fund flows analysis, after-tax performance and Lipper Leaders. Tom has a BS in finance from Metropolitan State College of Denver and a Master's in International Management from the University of Denver.

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