Investors pulled $170.7 million from equity mutual funds in the week ended Wednesday, according to Lipper.
Domestic equity mutual funds had $271.2 million in net outflows, much lower than the previous week’s $1.2 billion of negative flows. Meanwhile, international and global funds had slight inflows of $100.5 million, a reversal from small negative outflows the week before.
“It was a pretty muted week in terms of flow activity,” said Matthew Lemieux , a Lipper analyst, in an interview. He said that while outflows picked up at the end of yesterday’s session, it came late and didn’t capture Thursday’s big sell-off.
The latest flows data tracked a market that went through two different patterns – one that included the end of a five-day winning streak for stocks and another that took into account the opening days to this week’s slide by the SP 500.
Large-cap funds remained popular in the latest week of recorded data. The BlackRock Equity Dividend Fund ( MADVX ) attracted nearly $550 million in net inflows. Also, the MainStay Large Cap Growth ( MLAIX ) had $722 million in positive flows in the week.
Fund investors continued to put money into taxable bonds. The category attracted net inflow of $1.5 billion, down slightly from the previous week. Junk bonds pulled in$73.5 million in net inflows, about half the previous week’s total but the third-straight week of positive flows for the group. Investment-grade corporates had $1.1 billion in net inflows, up from the previous week’s $766.1 million in inflows.
Treasury and government mortgage bond funds had their second-straight week of outflows, although the most recent period’s $58 million was fairly slight.
Popular taxable bond funds included the Metropolitan West Total Return ( MWTIX ), which brought in $689 million. Meanwhile, the DoubleLine Total Return ( DBLTX ) attracted slightly more than $1 billion in assets in the week.
Municipal bond mutual funds had $274.7 million in net inflows in the latest week, the category’s third-straight positive week. Money market funds had their second-straight week of outflows, as the most current week’s $15.9 billion topped the previous week’s $15 billion in negative flows.
|
||||||
