Net flows in one mutual fund category improved by $48.6 billion this week, according to the latest data from the
LSEG Lipper team.
| Jack Fischer LSEG Lipper Senior Research Analyst | |
In the
U.S. Weekly FundFlows Insight report for the week ending January 31, 2024 (i.e. Wednesday),
Jack Fischer, senior research analyst at LSEG Lipper,
reveals that $50.1 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's second week of inflows in three weeks, up
week-over-week from $6.6 billion in net outflows. Long-term (i.e. non-money-market) funds brought in $10.2 billion in net inflows this week, up from $2.1 billion last week.
Money market funds led the way with $39.9 billion in net inflows this week, up W/W from $8.7 billion in net outflows. Taxable fixed income funds brought in $6.4 billion in net inflows this week, equity funds brought in $3.5 billion (up W/W from $1.8 billion in net outflows), and tax-exempt fixed income funds brought in $1.5 billion.
On the flip side, commodities funds suffered $733 million in net outflows this week, down W/W from $220 million in net inflows. Mixed-assets funds suffered $239 million in net outflows this week (down W/W from $352 million), and alternatives funds suffered $161 million in net outflows (down W/W from $68 million in net inflows).
Equity ETFs brought in $10.1 billion in net inflows this week. It was their 16th week of inflows in 18 weeks, up W/W from $1.8 billion in net outflows.
This week's biggest equity ETF winner was
BlackRock's iShares Core S&P 500 ETF (IVV). The fund brought in $3.8 billion in net inflows.
Conventional (i.e. non-ETF) equity funds suffered $6.6 billion in net outflows this week. It was their 103rd consecutive week of outflows, up W/W from $3.9 billion.
Taxable fixed income ETFs brought in $889 million in net inflows this week. It was their sixth week of inflows in a row, up W/W from $2.1 billion.
This week's biggest taxable FI ETF winner was BlackRock's
iShares Core Total USD Bond Market ETF (IUSB). The fund brought in $2.6 billion in net inflows.
Conventional taxable fixed income funds brought in $5.5 billion in net inflows this week. It was their fifth consecutive week of inflows, up W/W from $1.7 billion.
Municipal bond ETFs brought in $817 million in net inflows this week, their largest weekly inflows since November. That's up W/W from $323 million in net outflows.
Conventional muni bond funds brought in $660 million in net inflows. That's up W/W from $534 million in net outflows. 
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE