FYI: For the second consecutive month investors were net purchasers of mutual fund
assets, injecting $7.5 billion into the conventional funds business (excluding ETFs,
which are reviewed in the section below) for August. Also for the second month
in a row, money market funds witnessed net inflows, taking in $28.6 billion for
August. Despite Federal Reserve Chair Powell’s outlining the Fed’s plans to hike its
key lending rate, for the sixth month running the fixed income funds macro-group
also witnessed net inflows, taking in $11.7 billion for August. However, for the fourth
consecutive month stock & mixed-asset funds witnessed net outflows (-$32.8
billion for August.
Regards,
Ted
https://lipperalpha.financial.thomsonreuters.com/wp-content/uploads/2018/09/FFIR-US-B-M-20180831-TR.pdf
