Industry fund flows fell into negative territory this week, despite continued fixed income inflows and a big return of equity fund inflows, 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 ending September 1, Tom Roseen
, head of research services at Refinitiv Lipper, reveals that $1.1 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's first week of net outflows in the past six weeks, down from $2.9 billion in net inflows last week
Money market funds drove the result, thanks to $20.1 billion in net outflows this week, down from $738 million in net inflows last week. Equity funds brought in $12.7 billion in net inflows this week (up from $6.4 billion in net outflows), while fixed income funds brought in $6.3 billion (down from $8.6 billion).
Equity ETFs brought in $19.2 billion in net inflows this week, their fifth week of net inflows in the past six weeks, their largest weekly inflows since February 10, and a jump from $2.9 billion in net outflows last week. Conventional (i.e. non-ETF) equity funds suffered $6.5 billion in net outflows this week: it was their 10th week in a row of net outflows, and it was up from $3.5 billion last week.
Within conventional equity funds, domestic equity funds suffered $5.7 billion in net outflows this week (their 10th week in a row of net outflows, up from $3.8 billion last week). International funds suffered $754 million in net outflows this week, their first week of outflows in the last nine weeks and a drop from $456 million in net inflows.
On the fixed income side, ETFs brought in $1.8 billion in net inflows this week, their sixth week in a row of inflows but a drop from $3.5 billion last week. Conventional fixed income funds brought in $4.5 billion in net inflows, their fourth week of inflows in a row and a jump from $3.2 billion last week.
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