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Equity Fund Net Outflow Result Of ETF Redemptions: Lipper

Equity Fund Net Outflow Result Of ETF Redemptions: Lipper

Related ETFs: SPY
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Investors pulled back from equity funds again this week. The $2.3 billion outflow of assets seen this week marked the fifth straight week of net selling for U.S. equities even as the S&P 500 index saw a 0.40 percent increase, according to an article published by Reuters.

The largest outflow in equities was due to the $1.12 billion bleed out of State Street Global Advisors’ SPDR S&P 500 ETF (NYSEArca: SPY); however—excluding ETFs—equity funds pulled in a total of $289 million, the article said.

Go to Reuters.com to read the full story.

 

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