Fund tracker Lipper reports that flows into popular exchange-traded funds exceeded net flows to domestic equity funds on a monthly basis for the first time ever. ETF inflows were between $3.0 billion and $4.0 billion for the month, whereas flows into domestic equity funds were negative $2.8 billion.
Mixed equity fund net flows were relatively unchanged, at $5.2 billion, and the message was much the same for other equity categories, such as income, flexible and specialty diversified equities, which witnessed net flows of $2.1 billion. Bond funds saw inflows in January of $4.3 billion, which is $2 billion better than December, while money market funds drained $21.3 billion. That's $15.8 billion worse than December.