LIPPER WEEKLY U.S. FUND FLOWS VIDEO SERIES – JULY 18, 2012
Published on 23 Jul 2012 by Matthew Lemieux
Overall, equity markets faired quite well this week as news over previous concerns in the Eurozone was quite muted and earnings were generally good among the tech giants and most U.S. banks. Investors took this in stride as U.S. markets ended the week up and investors injected roughly $6.1 billion into equity products. Although a large number, most of the inflows were once again attributed to SPDR S&P 500 Index ETF (SPY) which added 2.2 billion to its coffers. Taxable bond funds continue to garner assets as the group added $2.8 billion for the week. Although Corp-High Yield posted inflows of $821 million, most investors remained comfortable allocating cash to higher quality paper with Corp-Investment Grade products reporting net inflows of $1.1 billion. Municipal debt funds also posted net inflows at $837 million while money market accounts gave back $18.7 billion of their previous weeks inflows.