Equity ETFs were the only big category with flows in the black this week, and even their inflows fell by two-thirds, 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 16, 2022 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $46.4 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's third week of net outflows in a row, up from $16.6 billion last week. Long-term (i.e. non-money market) funds and ETFs suffered $4.5 billion in net outflows this week, down from $16.8 billion in net inflows.

Money market funds continued to dominate the overall flows picture, this time with $41.9 billion in net outflows, up from $33.4 billion last week. Equity funds' inflows slipped to $4.8 billion this week, down from $15.9 billion. And taxable bond funds and tax-exempt bond funds fell back into negative flows territory this week, suffering $8.1 billion and $1.3 billion in outflows, respectively (down from $655 million and $216 million in inflows, respectively).

Equity ETFs brought in $5.3 billion in net inflows this week, their third week of inflows in four weeks, down from $17.4 billion last week. Yet conventional (i.e. non-ETF) equity funds suffered $457 million in net outflows this week; it was their second week of outflows in a row, down from $1.6 billion last week.

On the fixed income side, ETFs suffered $4.3 billion in net outflows this week, their second week of outflows in three weeks, down from $1.7 billion in net inflows last week. And conventional fixed income funds suffered $3.8 billion in net outflows this week, their fourth week of outflows in a row, up from $1.1 billion last week. 

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