Equity ETFs took just over two-thirds, $435 billion, of the total inflows during the period; U.S. equity ETFs took the majority of the new capital. Fixed-income funds, primarily taxable bonds, took in $170 billion, or 28% of the total new capital.
Cumulative ETF and mutual fund cash flows
Of the $106 billion in net outflows from mutual funds, almost all capital came out of U.S. equity funds, with less significant amounts coming out of high-yield and global bond funds. Over the period, $150 billion moved into taxable bonds funds, most notably investment-grade funds.