Investors pull $143B from the fund market, marking the largest weekly exodus since Sept. 2009
Wall Street investors were overall net sellers of fund assets which included both exchange traded funds and conventional funds for the week that ended April 17th. In total, market participants removed the largest amount of outflows observed since September 16th 2009 as $143.5B was taken away. The vast bulk of outflows were seen across money market funds as the segment recorded its third largest weekly outflow on record.
Money market funds led the outflow charge with $118.5B leaving the space. At the same time, equity funds lost $19.5B, taxable bond funds retracted $3.2B, municipal bond funds observed outflows of $1.5B, mixed-assets funds handed back $711M, and commodities funds lost $216M over the course of the week. Alternative investment funds were the only positive area as the segment garnered $117M.
Equity focused ETFs recorded and exodus of cash that totaled $13.4B on the week and were led by the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) which lost $9.8B and the iShares Russell 2000 ETF (NYSEARCA:IWM) which handed back $1.7B.
At the same time the iShares Core S&P 500 ETF (IVV) and the Direxion Daily Semiconductor Bull 3X Shares (NYSEARCA:SOXL) took in the most significant amount of net new money on the week. IVV gained $1B and IJH pulled in $782M.
From a fixed income point of view, the iShares Core US Aggregate Bond ETF (NYSEARCA:AGG) and the iShares 7-10 Year Treasury Bond ETF (IEF) attracted the largest amount of net new capital. AGG brought in $786M on the week while IEF took in $514M.
At the other end of the spectrum the iShares iBoxx $High Yield Corporate Bond ETF (HYG) suffered the largest weekly capital losses at $1.9B and was followed by the iShares iBoxx $Investment Grade Corporate Bond ETF (LQD) at $1.6B.
All fund flow data is per the latest Refinitiv Lipper fund flow report.