Investors Go into Risk-Off Mode for the Fund-Flows Week
Investors were net purchasers of fund assets (including those of conventional funds and ETFs) for the third week in four, injecting a net $10.8 billion for the LSEG Lipper fund-flows week ended Wednesday, August 9. Fund investors were net purchasers of money market funds (+$18.4 billion), taxable bond funds (+$785 million), and tax-exempt fixed income funds (+$278 million) while being net redeemers of equity funds (-$8.6 billion) for the week. Market Wrap-UpInvestors took a risk-off approach to investing during the fund flows week as the Q2 earnings season approaches its final days and investo...