This week was a good one for ETFs, but a rough one for other funds, especially one category in particular, according to the latest data from the Lipper team at Refinitiv.

Jack Fischer Refinitiv Lipper Senior Research Analyst

In the U.S. Weekly FundFlows Insight report for the week ending February 9, 2022 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $16.6 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's second week of net outflows in a row, down from $34.6 billion last week. Yet long-term (i.e. non-money market) funds and ETFs brought in $16.8 billion in net inflows this week, up $13.2 billion in net outflows.

Money market funds again dominated the overall flows picture, this time with $33.4 billion in net outflows, up from $21.4 billion last week. Yet equity funds brought in $15.9 billion in net inflows this week (their largest inflows YTD, up from $5.2 billion in net outflows last week). Taxable bond funds and tax-exempt bond funds also swung to positive territory this week, bringing in inflows of $655 million (up from $5.1 billion in outflows) and $216 million (up from $2.9 billion in outflows), respectively.

Yet in both stock and bond funds, it was ETFs that had the overall inflows, not conventional (i.e. non-ETF) mutual funds.

Equity ETFs brought in $17.4 billion in net inflows this week, their second week of inflows in three weeks, up from $10 billion in outflows last week. Yet conventional equity funds suffered $1.6 billion in net outflows this week; it was their second week of outflows in three weeks, down from $4.8 billion in inflows last week.

On the fixed income side, ETFs brought in $1.7 billion in net inflows this week, their second week of inflows in three weeks, up from $1.1 billion in outflows last week. And conventional fixed income funds suffered $1.1 billion in net outflows this week, their third week of outflows in a row, down from $3.9 billion last week. 

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