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For the ninth week in eleven, market participants were net buyers of fund assets which included both exchange traded funds and conventional funds for the week ending January 3 as the financial community injected $56.2B into the space thanks in large part to money market funds.
Money market funds were able to attract $57B on the week, taxable bond funds amassed $5.7B, while equity funds handed back $3.9B. At the same time, commodities funds lost $1.1B, alternative investment funds experienced outflows of $617M, tax exempt bond funds lost $558M, and mixed assets funds retracted $353M.
From an equity exchange traded fund vantagepoint, the two funds that observed the most significant amount of capital inflows on the week were the iShares Russell 2000 ETF (IWN) at $1.8B and the Invesco QQQ Trust Series 1 (NASDAQ:QQQ) at $1.6B.
In reverse, the two equity based ETFs that watched the most amount of capital leave were the iShares Russell 1000 Value ETF (IWD) at $560M and the Energy Select Sector SPDR Fund (NYSEARCA:XLE) at $320M.
Looking at the exchange traded fund space through the fixed income lens and market participants will have noticed that the two funds that were able to bring in the most amount of net new cash on the week were the U.S. Treasury 3 Month Bill ETF (TBIL) at $2.8B and the iShares Core US Aggregate Bond ETF (NYSEARCA:AGG) at $753M.
At the other end of the spectrum the two ETFs that suffered the greatest capital losses were the iShares iBoxx $High Yield Corporate Bond ETF (HYG) at $612M and the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) at $434M.
Fund flow data is per the latest Refinitiv Lipper fund flow report.
