U.S. Weekly FundFlows Insight Report: Domestic Equity Funds Suffer As New Money Continues To Flood Non-Domestic ETFs
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During Refinitiv Lipper’s fund-flows week ended June 2, 2021, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the fourth consecutive week (+$5.7 billion). Money market funds (+$6.5 billion), taxable bond funds (+$2.8 billion), and tax-exempt bond funds (+$997 million) all attracted net inflows while equity funds were hit with $4.6 billion in weekly outflows over the trailing four trading sessions….
