Fixed income funds pull in more capital than equity funds for the week

Citi reported Friday that investors poured more capital into fixed income funds than equity funds for the week that ended February 15. Market participants also continued to inject cash into global and European based funds, the data showed.

For the week, fixed income funds received $5.5B worth of cash, whereas equity funds attracted only $300M.

Additionally, the financial institution stated in a note to clients that global funds documented $1.3B worth of inflows. At the same time, European funds noticed an intake of $1.5B, which according to Citi “mostly went to regional ETFs, which have already witnessed $8.7B of inflows over the past 7 weeks.”

Around the globe, U.S. funds suffered retractions of $2.2B, China funds experienced $1.7B of net outflows, Taiwan reported $200M of net selling, yet India observed $500M worth of inflows.

See a chart of the equity fund flows in multiple geographic regions below, provided by Citi:

See below the 10 exchange traded funds that garnered the most significant inflows for the week ending February 15:

No. 10: Invesco NASDAQ 100 ETF (QQQM) +$485.55M.

No. 9: JPMorgan Equity Premium Income ETF (JEPI) +$508.75M.

No. 8: Invesco KBW Bank ETF (KBWB) +$513.90M.

No. 7: Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) +$530.90M.

No. 6: iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) +$533.30M.

No. 5: SPDR Portfolio Short Term Treasury ETF (SPTS) +$534.56M.

No. 4: iShares 10-20 Year Treasury Bond ETF (TLH) +$795.86M.

No. 3: First Trust Financials AlphaDEX Fund (FXO) +$905.05M.

No. 2: Vanguard S&P 500 ETF (NYSEARCA:VOO) +$1.21B.

No. 1: Invesco QQQ Trust (NASDAQ:QQQ) +$1.42B.

Data is per ETF.com.

In other ETF news, crypto related ETFs have skyrocketed in 2023 with one fund in particular gaining more than 100%.

Original Source