By Herbert Lash
NEW YORK, April 12 Investors pulled $7.03
billion from equity funds in the week ending April 11, with the
bulk of the money coming out of funds invested in U.S. stocks,
especially through exchange-traded funds, data from Thomson
Reuters' Lipper showed on Thursday.
Over the course of the holiday-shortened reporting week, the
Standard & Poor's 500 Index, the U.S. benchmark for
equities, fell 2.16 percent.
Taxable bond funds took in $56 million, but investors pulled
$4.39 billion from money market funds and $57 million from
municipal bond funds, Lipper said.
Investors pulled $6.88 billion from equity funds invested in
U.S. equities, of which $5.68 billion came from ETFs holding
U.S. stocks. The high rate of investment outflow from ETFs
suggests it came from institutional investors.
A total of $155 million was withdrawn from non-U.S. equity
funds. However, investors added $188 million to funds invested
in non-U.S. stocks but pulled $343 million from ETFs invested in
Almost half of the money withdrawn from ETFs that was
invested in U.S. stocks came from funds that mimic the return of
two major stock indexes, the S&P 500 and the Dow Jones
Investors pulled $2.03 billion from the SPDR S&P 500 ETF
and $678 million from the SPDR Dow Jones industrial
The weekly Lipper fund flow data is compiled from reports
issued by U.S.-domiciled mutual funds and ETFs.
The following is a broad breakdown of the flows for the
week, including ETFs (in $ billions):
Sector Flow Chg % Assets Count
($Bil) Assets ($Bil)
All Equity Funds -7.032 -0.25 2,795.679 10,307
Domestic Equities -6.877 -0.32 2,124.013 7,739
Non-Domestic -0.155 -0.02 671.666 2,568
All Taxable Bond 0.056 0.00 1,389.953 4,550
All Money Market -4.392 -0.19 2,310.320 1,440
All Municipal -0.057 -0.02 290.684 1,377