Business

Investors retract $21B in weekly fund assets, led by money market funds


Investors retracted $21.1B on the week led by money market funds, which lost $29.9B in capital outflows.


From an equity ETF stance, the space had its third consecutive week of net inflows, garnering $13.3B.


Leading the inflow charge was the ProShares UltraPro QQQ ETF (NASDAQ: TQQQ ) , which took in $2.2B.


Coming in second place was the Financial Select Sector SPDR ETF (NYSEARCA: XLF ) , which attracted $1.4B.


The iShares 1-3 Year Treasury Bond ETF (NASDAQ: SHY ) was the week's greatest attractor as the fund took in $317M.


The iShares Core Total USD Bond Market ETF (NASDAQ: IUSB ) was right behind it, taking in $223M.






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