Retail investors shifted into net inflows outside of money market vehicles during the week ended September 2, with Jefferies reporting total retail fund inflows of $25.3 billion for that period.
ETFs were the primary beneficiary. Exchange-traded funds attracted $33.4 billion, up from $17.4 billion in the prior week. By contrast, mutual funds excluding money market vehicles posted net outflows of $8.1 billion, an improvement from the $17.4 billion in outflows recorded the previous week.
Money market funds saw a marked pickup in demand, drawing $37.8 billion in inflows compared with $2.6 billion the week before.
Equity fund details - U.S. equity mutual funds experienced net redemptions of $10.1 billion, although that represented a smaller outflow than the $13.7 billion withdrawn in the prior week. U.S. equity ETFs reversed the previous week’s withdrawals and posted inflows of $9.8 billion after $8.9 billion in outflows the week before.
International equity mutual funds recorded outflows of $3.2 billion, larger than the $2.3 billion in outflows the prior week. Meanwhile, international equity ETFs extended a long-running trend, marking their 73rd consecutive week of inflows with $5.2 billion, up from $4.4 billion the week before.
Fixed-income flows - Taxable bond mutual funds reversed recent redemptions and took in $4.4 billion, following $1.0 billion of outflows in the prior week. Municipal bond mutual funds also saw a modest increase in inflows, registering $0.5 billion versus $0.3 billion a week earlier.
Taxable bond ETFs continued a lengthy streak of investor demand, recording their 74th consecutive week of inflows at $11.2 billion, up from $8.7 billion the prior week. Municipal bond ETFs posted inflows of $0.7 billion, down from $1.6 billion the week before.
These figures outline the composition of retail allocations in the most recent week, with ETFs and money market instruments accounting for the largest positive flows while certain mutual fund categories continued to see net redemptions.