Lipper Weekly U.S. Fund Flows Video Series - March 28, 2012
Published on 30 Mar 2012 by Tom Roseen
After a spectacular run for the first quarter (with returns for the major indices ranging between 8.13% and 19.19%), investors pulled back slightly after hearing new home sales dipped 1.6% in February and global manufacturing data was weaker than expected, despite learning that jobless benefits declined to a four-year low last week. Many analysts believe the market is just taking a breather, and investors are taking some of their hard won profits off the table for spring break. Investors were net redeemers of fund assets for the week ended March 28, 2012, pulling out $10.0 billion from the funds business, including exchange-traded funds. Investors redeemed a net $2.6 billion from equity funds, while padding the coffers of taxable fixed income funds (+$4.4 billion) and tax-exempt bond funds (+$0.4 billion). However, for the fifth consecutive week, money market funds witnessed net outflows of $12.2 billion.