For the week leading into the inauguration of US President-elect Donald Trump and the European Central Bank's first policy meeting of 2017 saw mutual fund flows slow - in most cases - appreciably. Investor appetite for fund groups associated with risk assets was also subdued while flows into Gold Funds hit a 10-week high, Dividend Equity Funds snapped a four week run of outflows and Municipal Bond Funds posted consecutive weekly inflows for the first time since early October.
Overall, the week ending January 18 saw EPFR Global-tracked Bond Funds post collective net inflows of $4.4 billion, the bulk of which went to US Bond Funds, and Equity Funds took in $1.67 billion. Money Market Funds recorded an outflow of $28.4 billion for the week, with redemptions from US funds offsetting further commitments to ones with European mandates.