Lipper Weekly U.S. Fund Flows Video Series - May 30, 2012
Published on 01 Jun 2012 by Tom Roseen
Tom Roseen discusses Lipper's U.S. weekly fund flows. Despite Greece's on-again/off-again news about acceptance of austerity measures, bail out discussions for one of Spain's largest lenders--Bankia S.A., declining Treasury yields from a flight to safety by investors, and a shortened trading week because of observance of the Memorial Day Holiday in the U.S., investors were net purchasers of funds assets, injecting a net-$12.2 billion into open-end funds and ETFs for the week ended Wednesday, May 30, 2012. Even though many investors remained on the sidelines ahead of the holiday, equity funds took in $3.4 billion, money market funds attracted $6.4 billion, taxable bond funds garnered $1.9 billion in net new money, and municipal debt funds, attracted $0.4 billion.