Investors Embrace Inflation Protected Bond Funds And ETFs In July

Summary

• For the second month running, mutual fund investors were net sellers of fund assets, redeeming $15.0 billion from conventional funds for July.
• Fixed income funds (+$20.5 billion for July) witnessed net inflows for the fifteenth month in a row, while money market funds (-$23.8 billion) experienced net outflows.
• For the fourth straight month, investors were net sellers of stock & mixed-assets funds (-$11.8 billion).
• APs were net purchasers of ETFs, injecting $54.1billion for July, for their twenty-third month of consecutive inflows.
• And, for the sixteenth month in a row, fixed income ETFs (+$17.8 billion for July) attracted net new money, while investors padded the coffers of stock & mixed-asset ETFs (+$36.3 billion), their fourteenth straight month of net inflows.

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Investors were net redeemers of mutual fund assets for the second month in row, withdrawing $15.0 billion from the conventional funds business (excluding ETFs, which are reviewed in the section below) for July. For the fourth month in a row, stock & mixed-assets

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