For the third consecutive week Wall Street investors injected net new money into the fund market which includes both conventional funds and exchange traded funds. In total, market participants added $14.2B to the area.
Leading the group were fixed income funds as they added $7.1B. Furthermore, money market funds added $3.9B, equity funds took in $3B, commodity funds amassed $453M, alternative funds attracted $262M, and mixed-asset funds observed outflows of $573M.
Equity ETFs were able to pull in $8.8B, marking the areas sixth straight week of positive flows. Supporting the influx of cash were the iShares Russell 2000 ETF (NYSEARCA:IWM) and the iShares Core S&P 500 ETF (NYSEARCA:IVV) as the two represented the largest equity-based weekly inflow leaders. IWM took in $1.1B and IVV added the same.
From a fixed income ETF vantage point, the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the iShares iBoxx $ Inv Grade Corporate Bond ETF (LQD) brought in the largest sums of capital at $3.3B and $1.6B.
Fund flow data is per the latest Refinitiv Lipper fund flow report.