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“}); $$(‘#article_top_info .info_content div’)[0].insert(bottom: $(‘mover’)); } $(‘article_top_info’).addClassName(test_version); } SeekingAlpha.Initializer.onDOMLoad(function() setEvents();); By Jeff Tjornehoj Equity mutual fund investors withdrew an estimated $920 million net for the week. Not surprisingly, they pulled money from domestic equity mutual funds (-$2.2 billion)-for a twentieth consecutive week of net outflows for the group. Equity exchange-traded funds (ETFs) saw net inflows of $7.8 billion, although investors turned their backs on emerging markets products (-$346 million) to avoid excess risk. The week’s biggest equity ETF recipient was the SPDR S&P 500 Trust ETF ((NYSEARCA: SPY ) , +$3.0 billion), while modest selling hit the iShares MSCI Emerging Markets ETF ((NYSEARCA: EEM ) , -$342 million ) and the iShares Core S&P 500 ETF ((NYSEARCA: IVV ) , -$477 million). Bond mutual fund investors freaked out on High Yield Funds and pulled $1.7 billion net from that Lipper classification to send taxable bond funds as a whole to a negative $3.4 billion for the week. Mutual fund investors pumped some cash into Lipper’s Core Bond Funds (+$737 million) and Core Plus Bond Funds (+$271 million) classifications. Bond ETF investors pulled $1.8 billion from their accounts to create combined (mutual funds and ETFs) outflows of $5.2 billion-for the largest bond fund outflows since the last week of December 2014. The week’s top individual destination for bond ETF investors was the PowerShares DB USD Bull ETF ((NYSEARCA: UUP ) , +$89 million); outflows of $666 million hit the iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA: HYG ) . Municipal bond mutual fund investors pulled $421 million from their accounts for the seventh weekly net outflow in a row. Money market funds saw net outflows of $10.8 billion, of which institutional investors pulled $12.6 billion and retail investors added $1.9 billion. Share this article with a colleague Scalper1 News
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