Investors Sidestep Fiscal Cliff, Embrace Mutual Funds, ETFs
January 11, 2013
During the first full week of fund flows for the new year, investors pumped in $34.2 billion into mutual funds, according to data from Lipper.
Equity funds, including exchange-traded funds, racked up $18.3 billion for the week ended Wednesday, January 9, their fourth largest net inflows since Lipper began calculating weekly flows in January 1992. Taxable bond funds and municipal debt funds also took in respectable net figures during the week, attracting $4.2 billion and $1.6 billion, respectively, and investors added $10.1 billion to money market funds as well.
“For the seventh week in a row equity ETFs experienced net inflows, taking in some $10.8 billion (their largest net inflows since the week ended September 19, 2012), while their conventional mutual fund brethren witnessed their twelfth largest weekly net inflows since 1992 and their largest since the week ended May 2, 2001 (+$7.5 billion),” wrote Tom Roseen, head of research at Lipper.
For more information on related topics, visit the following: