For the first week out of the previous four, exchange traded funds and conventional funds attracted net new capital on the week ending Feb. 23, according to Refinitiv Lipper, $3.9B in total led by money markets.
Breaking down the data, investors will see that money market funds pulled in $6.3B, and equity funds attracted $254M. While table fixed income funds lost $1.5B and tax exempt fixed income funds retracted $1.2B.
Equity-based ETFs garnered a total of $2.9B of new capital on the week, led by the SPDR S&P 500 ETF (NYSEARCA:SPY), which took in $1.4B, and SPDR Gold (NYSEARCA:GLD) +$605M.
At the same time, the two ETFs that experienced the most significant outflows were the Select Sector: Financial Sector SPDR (NYSEARCA:XLF) and iShares: ESG Aware MSCI USA ETF (NASDAQ:ESGU), retracting $893M and $501M.
From a fixed income exchange traded fund vantage point, the financial markets experienced positive weekly inflows totaling $1.5B. Leading the charge was the iShares: iBoxx $Investment Grade Corporates (NYSEARCA:LQD), which attracted $883M, and the iShares: 20+ Treasury Bond ETF (NASDAQ:TLT) +$478M.
At the other end of the spectrum, the iShares: Core US Aggregate Bond ETF (NYSEARCA:AGG) and iShares: Broad USD Investment Grade Corporates ETFs (NASDAQ:USIG) were the largest retractors at $361M and $177M.
This week experienced a turnaround in fund flows after last week the space lost $46.4B led by money market funds.