Bloomberg ETF analyst Eric Balchunas said on X that June flow data for mutual funds showed net outflows of $23 billion. Equity funds continued to post outflows, while money market funds drew more capital than expected. Other fund categories, he said, were trying to hold on to positive inflows. The data points to continued pressure in stock-focused mutual funds during the month, even as cash-like products attracted stronger demand. Balchunas attributed the figures to June mutual fund flow data and highlighted the contrast between persistent equity fund redemptions and stronger-than-expected money market fund inflows.
Bloomberg ETF analyst Eric Balchunas said in a post on X that June mutual fund flow data showed net outflows of $23 billion.
According to Balchunas, equity funds continued to record outflows, while money market funds attracted more inflows than expected. Other fund categories were trying to maintain positive inflows.
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