Matteo Colombo
The financial community found themselves to be overall buyers of fund assets on the week which included both conventional funds and exchange traded funds, as they added $21.9B worth of capital as of January 25th.
At the front of the pack were money market funds as they amassed $15.4B. Next in line were taxable bond funds which added $5.8B and tax-exempt fixed income funds added $1.3B. At the same time equity funds were net retractors as they lost $555M on the week.
Equity exchange traded funds observed their second week of positive flows in three as the segment attracted $2.8B. The JPMorgan BetaBuilders Europe ETF (BBEU) and SPDR S&P 500 ETF (NYSEARCA:SPY) found themselves at the head of the line as they garnered $2.7B and $1.1B on the week.
In reverse, the iShares Core Dividend Growth ETF (NYSEARCA:DGRO) and SPDR S&P Biotech ETF (NYSEARCA:XBI) watched the most capital leave the door out of any equity ETF on the week. DGRO lost $1.24B while XBI gave back $1.16B.
From a fixed income ETF stance, the Schwab Short Term US Treasury ETF (SCHO) pulled in the most cash at $2.3B and was followed by the iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) as it took in $907M.
On the other end of the spectrum, the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) observed the most significant outflows at $678M and the VanEck Fallen Angel High Yield Bond ETF (ANGL) was the second largest loser at $416M.
Investor flow data is per the Refinitiv Lipper fund-flow report.
In broader financial news, market participants absorbed more quarterly results from major companies, while also parsing through data that showed further signs of moderation in inflation.