Money market funds attract $108B worth of new capital on the week

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For the third straight week investors were net buyers of fund assets which included both exchange traded funds and traditional funds. For the week ending March 15th, market participants pumped $88.4B of net capital into the fund market.

At the top of the leaderboard were money market funds as they took in $108B on the week. At the same time, equity funds lost $17.7B, taxable bonds took back $1.5B, and tax-exempt fixed income funds witnessed outflows of $461M.

Equity ETFS gave back $11.9B on the week, which signified the area's third week of outflows in four. At the top of the list included the world’s largest ETF in the SPDR S&P 500 ETF (NYSEARCA:SPY) which handed back $8B. Next in line was the Energy Select Sector SPDR ETF (NYSEARCA:XLE), as it lost $1B on the week.

On the flip side, the SPDR S&P Regional Banking ETF (NYSEARCA:KRE) attracted the most significant cash at $1.4B, while SPDR Gold Trust (NYSEARCA:GLD) came in second as it pulled in $501M.

The fixed income exchange traded fund leaders were headed by the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) which pulled in $2.5B and the iShares 7-10 Year Treasury Bond ETF (IEF) as it brought in $1.2B.

On the other side, the fixed income ETFs that lost the largest amount of weekly capital were the SPDR Bloomberg High Yield Bond ETF (JNK), which took back $627M, followed by JPMorgan Ultra-Short Income ETF (JPST) which lost $472M.

Data is per the latest Refinitiv Lipper fund-flow weekly report.

In broader financial news, U.S. stock futures treaded water on Friday, dipping marginally, amid lingering banking concerns.