LIPPER WEEKLY U.S. FUND FLOWS VIDEO SERIES – SEPTEMBER 19, 2012
Published on 21 Sep 2012 by Matthew Lemieux
With the announcement by the FOMC of its entering another round of easing, equity markets pushed higher; the S&P 500 Index added 1.7% for the week ended September 19. Following suit, mutual funds and ETFs (excluding money market funds) added roughly $16.6 billion to their accounts as investors’ appetite for risk accelerated.
Overall, equity products reported net inflows of $11.4 billion for the week. ETFs were once again the focus, adding $13.3 billion net. Despite the sanguine feelings, investors in equity mutual funds (-$1.9 billion) were not convinced; they pulled money out of the asset class for the sixth consecutive week. With the noticeable shift to equity products in general, taxable bond products were no worse for wear; investors injected $4.9 billion net into the group for the week—its eleventh consecutive week of net inflows.