Equity Funds Grow As Bond and Money Market Funds Drop

Published July 06, 2001, 1:00 a.m. EDT

1 Min Read

Taxable bond funds experienced net outflows for the first time in 11 weeks during the week ending July 3, according to AMG Data Services of Arcata, Calif. Most of the $163 million in outflows came from high quality corporate bond funds.

Processing Content

Junk bond funds, however, saw inflows for the first time in a month, bringing in $159 million, according to AMG. For the previous three weeks, $914 million had flowed out of junk bond funds.

Equity funds experienced net inflows of $1.9 billion, 63% of which came from the domestic growth and value sectors, according to AMG. About $677 million flowed into international equity funds.

Money market fund assets decreased over $6 billion to under $2.1 trillion for the week ending July 3, according to the Investment Company Institute. While retail money funds increased by $4.84 billion, institutional funds dropped $10.87 billion.

MORE FROM FINANCIAL PLANNING

Professional development

How RIA consolidation and slow organic growth is changing compensation

The trends of big profits, consolidation and slow organic growth are creating a lot of contradictions with the pay of financial advisors and other RIA staff members, according to The Ensemble Practice's annual tracking study.

By Tobias Salinger
Chief Correspondent

32m ago
Practice and client management

Why advisors should get involved when clients take out a mortgage

From shopping for better interest rates to tax strategy to cash flow, financial planners can play a vital role in helping clients prepare to take out a mortgage.

By Zoe Sagalow
Reporter

1h ago
Wealth management

Firms push to make private markets more like publics

As regulators lower regulatory hurdles, many advisors are seeking greater access to private investments, while asset managers and fintechs are trying to eliminate technical barriers keeping regular investors out.

By Dan Shaw
Reporter

September 28
Tax

Navigating the pitfalls and perks of private-placement life insurance

Private-placement life insurance can offer tax-free growth and alternative investments for ultrawealthy clients, but advisors warn it isn't right for everyone who can afford it.

By Zoe Sagalow
Reporter

September 28
Wealth management

For RIA custody, Betterment's platform fees will begin at 0.20%

Betterment Advisor Solutions, formerly Betterment for Advisors and Betterment Institutional, is changing its platform fees into a tiered rate that begins at 0.20% for advisory practices with less than $10 million in the business, Betterment CEO Sarah Levy says.

By Tobias Salinger
Chief Correspondent

September 28
Professional development

Financial Planning's September CE quiz now live for subscribers

Earn credit toward industry certification while staying up to date on key financial planning topics and strategies.

By Editorial Staff

September 28