Investors were net buyers of fund assets for the sixth consecutive week

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For the sixth consecutive trading week market participants were net buyers of fund assets which included both exchange traded funds and conventional funds for the week that ended May 24th. On the week, investors added $47.2B to the fund market.

At the top the list were money market funds, as they were able to attract $43.1B. Next in line were taxable bond funds as they took in $5.5B, but equity funds and tax-exempt bond funds both lost $513M and $847M.

Equity-based exchange traded funds were able to garner $7.2B on the week which noted the segments fifth week of inflows over the past seven. The two ETFs that brought in the most investor capital were the SPDR S&P 500 ETF (NYSEARCA:SPY) and the iShares Russell 2000 ETF (NYSEARCA:IWM). SPY attracted $2.1B and IWM absorbed $1.9B.

At the same time, the two equity focused ETFs that suffered the largest outflows were the Direxion Semiconductor Bull 3X Shares (SOXL) at $525M and the Select Sector: Technology SPDR ETF (NYSEARCA:XLK) at $322M.

Fixed income focused ETFs noticed an influx of $5.7B on the week. The two funds that brought in the greatest amount of investor capital were the iShares: 20+ Treasury Bond ETF (NASDAQ:TLT) at $1.7B and the iShares: iBoxx $High Yield Corporates (HYG) at $1.5B.

At the same time the two fixed income ETFs that noticed the largest retraction of cash were the iShares: Short Treasury Bond ETF (SHV) and the iShares: JPM USD Emerging Bond ETF (EMB) at $425M and $260M.

Fund flow data is per the latest Refinitiv Lipper fund-flows weekly report.

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