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So if one removes those from the picture, it was a fairly tame week, with the risk-off trade really being the net flows into money market funds, that said, we did see authorized participants being net redeemers of equity ETFs to the tune of $3.2 billion, which is their third weekly redemption in four, while being net purchasers of fixed income ETFs for the third consecutive week, this week injecting $1.1 billion.

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