Inflows plunged across the board this week, with most broad mutual fund and ETF categories seeing big drops, according to the latest data from the Lipper
team at Refinitiv
| Tom Roseen|
Head of Research Services
In the U.S. Weekly FundFlows Insight Report
for the week ended August 4, Tom Roseen
, head of research services at Refinitiv Lipper, reveals that $2.1 billion net flowed into mutual funds and ETFs in the U.S. this week (a second week of inflows in a row, down from $29 billion last week
Equity fund inflows fell to $2 billion (from $8.2 billion), and fixed income fund inflows fell to $1.5 billion (from $5.3 billion). Money market flows turned negative, with the funds suffering $1.4 billion in net outflows (down from $15.4 billion in net inflows).
On the equity side, equity ETFs brought in $2.8 billion in net inflows, their second week of inflows in a row (but down from $9.4 billion last week). Conventional equity funds suffered $814 million in net outflows, their sixth week of outflows in a row (and up from $715 million). Conventional domestic equity funds suffered $4.3 billion in net outflows (also their sixth week in a row, up from $1.4 billion). Yet non-domestic equities bucked the trend, bringing in $3.5 billion in net inflows, their fifth week of inflows in a row and up from $865 million last week.
As for fixed income, bond ETFs brought in $616 million in net inflows (their ninth week of inflows in the past 11 but down from $2.2 billion last week). Conventional fixed income funds brought in $926 million in net inflows (their 16th week of inflows in the past 18 but down from $1.7 billion).
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