ETFs accounted for the bulk of the outflow this week, with an exit of $1.25 billion, while mutual funds saw an outflow of $935 million.
The year-to-date total outflow is now $8.5 billion, including a roughly $9.6 billion outflow from mutual funds and $1 billion inflow to ETFs.
The four-week trailing average dipped into negative territory, after two consecutive weeks in the black, falling to negative $473 million, from positive $630 million last week.
The change due to market conditions this past week was a decrease of $346 million. Total assets at the end of the observation period were $207.8 billion. ETFs account for about 23.5% of the total, at $48.9 billion. — James Passeri
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