Negative investor sentiment still plague mutual funds and ETFs, which both saw outflows in the week ended Nov. 14.

According to Lipper data, Mutual fund outflows slowed somewhat in the wake of the elections, although investors clearly fear risk. Meanwhile, ETFs felt the blow of some major sales, although there are signs that risk-seeking investors are still making their moves.

The biggest loser award among mutual funds went to the large-cap value funds group, which saw outflows of a net $536 million. But equity wasn't the only victim, with riskier bond funds like high-yield mutual funds seeing "impressive" outflows. High-yield mutual funds suffered net ouflows of $585 million. Money market funds also had outflows of $5.5 billion.

Some bond fund groups still enjoyed inflows, however. Short investment-grade debt scored its biggest haul since June 2011 of $496 million, while municipal bond inflows slowed somewhat to $613 million from $836 million the week prior. Taxable bond funds saw inflows of $1.08 billion, which could be a "sign that conservative investors were sitting tight until election results were in," head of Americas research Jeff Tjornehoj said.

Equity income funds also drew $172 million in net inflows. On the ETF side, iShares MSCI Emerging Markets (EEM) emerged a winner with inflows of $841 million. But equity ETFs faltered with outflows of $1.66 billion, largely due to the investors pulling $3.04 billion out of SPDR S&P 500 ETF Trust (SPY). Taxable ETFs saw outflows of $788 million thanks to outflows from the U.S.' two largest junk bonds, iShares High Yield Corporate Bond Fund (HYG) and State Street's SPDR Barclays High Yield Bond ETF (ticker: JNK), of $394 million and $315 million, respectively.

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