For the second consecutive week market participants found themselves to be overall net buyers of fund assets which included both conventional funds and exchange traded funds. In total, for the week that ended May 1, the investment community added $22B to the fund space.
Leading the inflow charge were money market funds as they added $26.2B. At the same time, municipal bond funds brought in $515M, and commodities funds grew by $214M. At the other end of the spectrum, equity funds took back $4.2B, mixed assets funds lost $444M, taxable bond funds retracted $253M, and alternative investments funds suffered outflows of $20M.
During the week, the two equity based exchange traded funds that were able to amass the largest amount of investor capital were the iShares Core S&P 500 ETF (NYSEARCA:IVV) which took in $1.7B and the Invesco QQQ Trust Series 1 (NASDAQ:QQQ) as it added $928M.
On the other side, the two equity funds that suffered the largest amount of capital outflows on the week were the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) at -$1.4B and the iShares Russell 2000 ETF (NYSEARCA:IWM) which handed back at $1B.
Looking towards fixed income ETFs and the two funds that were able to garner the largest amount of net new money were the iShares MBS ETF (MBB) as it brought in $1.4B and the iShares 20+ Year Treasury Bond ETF (TLT) as it attracted $645M.
In reverse, the two fixed income ETFs that noticed the biggest outflows on the week were the PDR Portfolio Short Term Treasury ETF (SPTS) at -$1.2B and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at -$824M.
Fund flow data is per the latest Refinitiv Lipper fund flow report.
Read More: For the second consecutive week, investors purchase ETFs and conventional funds