For the first week in three, the financial community found themselves to be overall net sellers of fund assets, which included both exchange traded funds and conventional funds for the week that ended June 19. In total, market participants removed $30B from the fund space.
On the week, money market funds lost $23.5B, equity funds handed back $7.4B, commodities funds retracted $697M, and mixed assets fund lost $293M. On the other end, taxable bond funds took in $1.5B, alternatives funds added $797M, and tax-exempt bond funds grew by $16M.
Equity based ETFs registered weekly outflows that totaled $1.6B. At the top of the inflow leaderboard for equity ETFs included the popular iShares S&P 500 Core ETF (NYSEARCA:IVV), as it garnered $18.1B on the week and the Invesco QQQ Trust Series 1 (NASDAQ:QQQ) pulled in $1.9B.
In reverse, the equity ETFs that lost the most significant amount of capital were the SPDR S&P 500 Trust (NYSEARCA:SPY) which lost $22.9B and the Direxion Daily Semiconductor Bull 3X Shares (SOXL) which lost $1.2B.
From a fixed income based ETF point of view, the two funds that brought in the largest amount of net new money were the iShares 20+ Year Treasury Bond ETF (TLT) at $481M million and the iShares MBS ETF (MBB), which added $444M.
On the flip side, the iShares iBoxx High Yield Corporate Bond ETF (NYSEARCA:HYG) and the SPDR Blackstone Senior Loan ETF (SRLN) experienced the greatest exodus of cash among all other fixed income funds as they lost $400M and $270M, respectively for the week.
Fund flow data is per the latest Refinitiv Lipper fund flow report.