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By Jeff Tjornehoj For the fund-flows week ended September 9 the widely watched Dow Jones Industrial Average lost 98 points and saw just 390 points separate the week’s maximum high and low closing prices-much less volatility than the previous week’s 596-point swing and the 1,324-point swing the week before that. Equity mutual fund investors made net redemptions of $2.5 billion this past week, while equity exchange-traded funds (ETFs) saw net outflows of $13.6 billion as investors backed out of SPDR S&P 500 ((NYSEARCA: SPY ) , -$10.1 billion ) , PowerShares QQQ ((NASDAQ: QQQ ) , -$732 million ) , and iShares MSCI UK ((NYSEARCA: EWU ) , -$489 million ) . The $6.4-billion Select Sector Industrials SPDR ((NYSEARCA: XLI ) , +$228 million ) led the weekly net inflows list. Bond mutual fund investors, like their equity counterparts, took a risk-off attitude as they redeemed shares. Overall, taxable bond mutual funds saw net outflows of $1.0 billion for the week, while bond ETFs saw $4.6 billion of net inflows. Investors had singular views about credit risk; Lipper’s Loan Participation Funds (-$115 million) and High Yield Funds (-$160 million) classifications both experienced net outflows. The week’s biggest bond ETF net withdrawals occurred at SPDR Barclays Short-Term Corporate ((NYSEARCA: SCPB ) , -$58 million ) , while iShares 1-3 Treasury Bond ((NYSEARCA: SHY ) , +$559 million ) led the net inflows charge. Municipal bond mutual fund investors pulled $125 million net from their accounts, and the funds now have a three-week losing streak. Money market funds saw net outflows of $11.8 billion, of which institutional investors pulled $12.2 billion and retail investors added $432 million. Share this article with a colleague Scalper1 News
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