In The Wake Of The Market Downturn, Investors Look To Taxable Fixed Income Funds And ETFs For The Week

Summary

• The average equity fund was only down 0.07% for the fund flows week.
• Equity funds (including ETFs) witnessed net outflows of $6.7 billion for the fund flows week.
• Taxable Bond Funds (+$5.9 billion) attracted the largest net inflows of the four broad macro groups this week, bringing their string of net inflows to 40 consecutive weeks.

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Unsurprisingly, given the increase in volatility in equity markets during the Refinitiv Lipper fund-flows week ended September 22, 2021, investors turned their backs on equity ETFs and mutual funds, redeeming a net $6.7 billion, while padding the coffers of taxable (+$5.9 billion) and