US government funds have eclipsed other asset classes drawing 55% of positive flows in the past month. The stock market battering last week was enough for some investors to buy back in sending Large/Mid-cap and Broad Equity funds’ share of flows back up to 40%.
Government flows on a rolling 1-month basis were just under $23 billion. Over half that came from no restriction maturity funds, a category made up of largely ultra-short-term. No surprise to see that investors are increasingly turning to T-Bills.
TIPS funds last week saw out-flows nearing $1.8 billion.
Additionally, other inflation-friendly asset classes saw sizeable outflows with real estate seeing the largest quantity after TIPS.
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Corporate bond funds drew moderate in-flows last week with Investment Grade flows totaling $440 million while High Yield flows were $1.38 billion.
TABLES
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