Domestic equity and money market funds experienced net cash outflows this week, while all other broad categories saw net cash inflows. YTD domestic equity ETF net outflows are the largest on record when comparing to any other year through mid-May.
Aside from money market funds, cash flowed on a net positive basis to all broad fund categories this week. Domestic equity mutual funds saw an estimated $1.2 billion in net inflows, on the heels of two weeks of outflows.
Domestic equity funds saw net outflows of more than $11 billion this week, while bond funds captured almost $5 billion in net inflows. Money market funds also captured huge net inflows; this was likely attributable to the high redemptions from equity funds.
Bond mutual fund saw estimated net cash outflows for the first time since early-February. Aside from bond and money market mutual funds, all other broad fund categories experienced net cash inflows for the week.
Recent net flows for domestic equity mutual funds turn negative, while domestic equity ETFs also experience net cash outflows for the first time in seven weeks. All year-to-date domestic equity fund tallies still hold in positive territory.