Some $8 billion flowed out of U.S. mutual funds and exchange-traded funds during the week of June 6, with equity mutual funds and ETFs reporting $2.1 billion in net redemptions, according to data from Lipper.

Specifically, the SPDR S&P 500 ETF (SPY) gave back nearly all their previous period gains with investors withdrawing $3.1 billion for the week. “Municipal debt funds looked to be the only bright spot posting their eighth consecutive week of inflows at $593 million,” wrote Matthew Lemieux, Research Analyst at Lipper.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.