Have equity and technology funds turned the corner? Both sectors experienced net inflows of $5 billion and $485 million, respectively, during the week ending Wednesday, Oct. 17, according to
That is the first time since June that the tech sector has been on the positive side of flows and, moreover, the largest amount of money it's attracted since the week ending Jan. 24.
As for equity funds, $5 billion is the largest net inflow into that sector since the week ending June 6.
AMGs numbers are a welcome sign;
Money market fund flows among retail and institutional funds nearly canceled each other out during the week ending Wednesday. Retail money market funds decreased by $2.3 billion, mostly in taxable funds, while institutional funds saw inflows of $2.2 billion, the
Taxable bond funds garnered $1.3 billion in new assets the week ending Wednesday, according to AMG. Those flows were primarily seen in corporate bond funds.
