- In the latest Refinitiv Lipper US weekly fund flows insight report ending May 5, 2021, investors witnessed that they were net redeemers for the first week out of the past three. Market participants pulled out -$2.7B, including data from both exchange traded funds and also conventional funds.
- When dissecting the data, individuals can see that investors withdrew a net -$14.6B from money market funds and were also net purchasers of taxable bond funds, equity funds, and tax-exempt funds +$6.5B, +$4.8B, and +$585M respectively.
- Equity-based exchange traded funds continue their positive inflows as market participants take in +$10.7B. Another week of inflows for equity ETFs makes it thirteen straight weeks. Splitting that information up and it can be seen that domestic equity ETFs generated +$9.4B and international equity ETFs brought in +$1.3B.
- Two equity-based ETFs that attracted the highest inflows were SPDR S&P 500 ETF (NYSEARCA:SPY) +$3.2B and iShares Core S&P 500 ETF (NYSEARCA:IVV) +$1.2B. On the other hand, Invesco QQQ ETF (NASDAQ:QQQ) witnessed the largest outflows of -$1.2B, and ARK Innovation ETF (NYSEARCA:ARKK) suffered the second most outflows on the week with -$714M.
- Fixed income exchange traded funds witnessed outflows in two separate categories. Government Treasury ETFs saw -$1.15B, and corporate high-yield ETFs saw -$1.09B.
- The two fixed-income ETFs with the largest inflows on the week were SPDR Portfolio Intermediate-Term Corporate Bond ETF (NYSEARCA:SPIB) +$451M and iShares Core US Aggregate Bond ETF (NYSEARCA:AGG) +$424M.
- Furthermore, on the other end of the spectrum, the fixed-income ETFs that saw the most significant outflows were iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) -$1.2B and iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) -$857M.
- Last week, investors added +$61.5B to the market fund space compared to this week’s overall withdrawal of -$2.7B.