Industry inflows jumped nearly fivefold this week, driven by a return to money fund inflows and a rise in equity ETF inflows, according to the latest data from the Lipper
team at Refinitiv
| Tom Roseen|
Head of Research Services
In the U.S. Weekly FundFlowsInsight
report for the week ending October 27 (i.e. Wednesday), Tom Roseen
, head of research services at Refinitiv Lipper, reveals that $61.9 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's second week of net inflows in a row, up from $11.6 billion in net inflows last week
Money market funds brought in $42.2 billion in net inflows this week, their first week of inflows in four weeks and an increase from $7.9 billion in net outflows last week. Equity funds brought in $15.1 billion in net inflows this week, up from $10.9 billion. Taxable bond funds brought in $4.2 billion in net inflows, down from $8.3 billion. And tax-exempt bond funds brought in $397 million in net inflows, up from $177 million.
Equity ETFs brought in $19.5 billion in net inflows this week, their fourth week in a row of net inflows, up from $11.7 billion last week. Conventional (i.e. non-ETF) equity funds suffered another $4.4 billion in net outflows; it was their third week of outflows in a row, up from $772 million.
Within conventional equity funds, domestic equity funds suffered $4.2 billion in net outflows this week, their 18th week in a row of net outflows, up from $1.3 billion last week. And conventional non-domestic equity funds suffered $178 million in net outflows this week, their second week in three of net outflows, down from $536 million in net inflows.
On the fixed income side, taxable fixed income ETFs brought in $3.4 billion in net inflow this week, their third week of inflows in a row. And municipal bond ETFs brought in $70 million in net inflows, their 35th week in a row of net inflows.
As for conventional funds, conventional taxable bond funds brought in $739 million in net inflows this week, their third week of inflows in a row. And conventional muni bond funds brought in $327 million in net inflows, their second week of inflows in three weeks.
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