Despite Equity Rally, Conventional Fund And ETF Investors Stay On The Sidelines This Week

Apr. 04, 2023 1:55 AM ET, , , , , , , , 1 Comment
Tom Roseen
1.71K Followers

Summary

  • U.S. equities rallied during the Refinitiv Lipper fund-flows week ended March 29, 2023, but fund flows remained defensive.
  • On the equity side of the equation, both equity ETF (-$12.6 billion) and conventional equity funds (-$7.9 billion) witnessed net outflows for the week.
  • For the sixth week in a row, taxable bond funds (ex-ETFs) witnessed net outflows - handing back $4.9 billion this past week.

Concept - ETF Exchange Traded Fund wording on wooden cubes with coins

Epiximages

As regional bank liquidity fears recede and the Federal Reserve Board softened its language about future rate hikes after hiking its key lending rate by 25 basis points (bps) on March 22, saying “some additional policy firming may be appropriate,” U.S. equities rallied during

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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