ETFs
Investors withdraw $30 billion from ETFs and conventional funds this week
For the first week in three, the financial community found itself overall net sellers of fund assets, which included both exchange-traded and conventional funds for the week ending June 19. In total, market participants withdrew $30 billion from the fund space.
Over the week, money market funds lost $23.5 billion, equity funds returned $7.4 billion, commodity funds withdrew $697 million and mixed asset funds lost $293 million. In contrast, taxable bond funds brought in $1.5 billion, alternative funds added $797 million and tax-exempt bond funds increased by $16 million.
Equity-based ETFs saw weekly outflows totaling $1.6 billion. At the top of the stock ETF inflows chart was the popular iShares S&P 500 Core ETF (NYSEARCA:IVV), since it earned $18.1 billion over the week and the Invesco QQQ Trust Series 1 (NASDAQ:QQQ) grossed $1.9 billion.
Conversely, the stock ETFs that lost the largest amount of capital were the SPDR S&P 500 Trust (NYSEARCA:TO SPY) which lost $22.9 billion and Direxion Daily Semiconductor Bull 3X shares (SOXL) which lost $1.2 billion.
From a fixed income ETF perspective, the two funds that brought in the largest amount of net new money were the iShares 20+ Year Treasury Bond ETF (TLT) at $481 million and the iShares MBS ETF (MBB), which added $444 million.
On the other hand, the iShares iBoxx High Yield Corporate Bond ETF (NYSEARCA:HYG) and the SPDR Blackstone Senior Loan ETF (SRLN) saw the largest cash outflow of any fixed income fund, losing $400 million and $270 million, respectively, during the week.
Fund flow data is the most recent Lipper Refinitiv fund flow report.