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Lipper: U.S. Fund-Flows Weekly Report: Money Market Funds Suffer Significant Net Outflows

TedTed
in The Bullpen
FYI: Thomson Reuters Lipper’s fund asset groups (including both mutual funds and ETFs) had net-negative flows of $51.6 billion for the fund-flows week ended Wednesday, June 20. The week’s net outflows were driven by money market funds, which saw over $51 billion leave their coffers. This represented the money market fund group’s seventh largest net outflows of all-time and its largest since 2011. These net outflows were a function of U.S. corporations withdrawing cash to pay their quarterly tax bill and investors settling their accounts from the previous week’s Treasury auction. Among the other asset groups municipal bond funds and taxable bond funds had net inflows of $646 million and $94 million, while equity funds experienced net outflows of $1.3 billion.
Regards,
Ted
http://lipperalpha.financial.thomsonreuters.com/2018/06/u-s-fund-flows-weekly-report-money-market-funds-suffer-significant-net-outflows/?utm_source=Eloqua&utm_medium=email&utm_campaign=00008DM_NewsletterLipperAlphaInsightFundInsightsWeekly_Other&utm_content=Newsletter_Funds_Weekly_25June2018
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