--- title: U.S. Equity Funds Have Record Net Redemptions description: Second quarter net redemptions for U.S. equity funds were a record $72bn. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_6917013_l-2015-May-12-2022-08-41-11-75-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/u-s-equity-funds-have-record-net-redemptions#popup-newsletter) #### Want the latest news on securities markets -- FREE? 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Overall, long-term mutual funds and ETFs collected $70 billion in June, their strongest month since January. Second-quarter inflows for these funds totaled $121 billion, replacing more than a third of the record $327 billion of outflows in March. Morningstar's report about U.S. fund flows for June 2020 is available [here](https://c212.net/c/link/?t=0&l=en&o=2860221-1&h=3868749374&u=https%3A%2F%2Fwww.morningstar.com%2Flp%2Ffund-flows-direct%3Futm_source%3Dcorp_comm%26utm_medium%3Dreferral&a=here). Highlights from the report include: **Taxable-bond funds** set another record in June, collecting $92 billion for the month and surpassing the previous record set in May by $17 billion. The group gathered $204 billion for the second quarter, rebounding from outflows of $240 billion in March. **U.S. equity funds** lost nearly $24 billion to outflows in June, bringing the second quarter's net redemptions to a record $72 billion. This surpassed the previous record of $55 billion of outflows set in the first quarter of 2009, as stock markets approached their low point during the global financial crisis. After $18 billion of outflows in June, international equity funds suffered a record $65 billion in outflows for the second quarter. Within taxable-bond categories, **intermediate-core bond funds** collected a record $23 billion in June. This surge owed partly to the Federal Reserve ramping up its purchases of corporate-bond ETFs (BlackRock manages investments for the Secondary Market Corporate Credit Facility—the program under which the Federal Reserve buys corporate-bond ETFs—and BlackRock will waive any management fees it would earn from purchasing its own funds through the facility.) As a result, corporate-bond funds saw inflows of $14 billion in June. Among fund families, the **BlackRock/iShares family topped the list in June** with a combined $22 billion of inflows, primarily driven by the Federal Reserve's entry into the corporate-bond ETF market. Vanguard came in close second with nearly $21 billion of inflows, benefitting from strong flows into its bond index funds. Source: Morningstar [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/u-s-equity-funds-have-record-net-redemptions) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/u-s-equity-funds-have-record-net-redemptions) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/u-s-equity-funds-have-record-net-redemptions) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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