Net industry flows collapsed by $65.7B this week, inverting, according to the latest data from the Lipper
team at Refinitiv
| Jack Fischer|
Senior Research Analyst
In the U.S. Weekly FundFlows Insight
report for the week ending April 6, 2022 (i.e. Wednesday), Jack Fischer
, senior research analyst at Refinitiv Lipper, reveals that $34.2 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 three weeks, down from $31.5 billion in net inflows last week
. Long-term (i.e. non-money market) funds and ETFs suffered $7.8 billion in net outflows this week, down week-over-week from $1.7 billion in net inflows.
Money market funds led the way once again, this time with $26.4 billion in net outflows this week, down W/W from $29.8 billion in net inflows. Taxable bonds suffered $4.3 billion in net outflows (up W/W from $117 million), tax-exempt bond funds suffered $3.3 billion in net outflows (their largest weekly outflows in two years, up W/W from $2 billion), and equity funds suffered $253 million in net outflows (down W/W from $3.9 billion in net inflows).
Equity ETFs brought in $2.6 billion in net inflows this week, their ninth week in a row of inflows, down W/W from $7.7 billion. (The biggest equity ETF winner this week was BlackRock's iShares MSCI Emerging Markets ETF
, which brought in $1.6 billion.) Yet conventional (i.e. non-ETF) equity funds suffered $2.8 billion in net outflows this week, their ninth week in a row of outflows, down W/W from $3.9 billion.
On the fixed income side, ETFs suffered $2.5 billion in net outflows this week, their first week of outflows in seven weeks, down W/W from $3.9 billion in net inflows. (The biggest taxable fixed income ETF winner this week was SSGA's SPBR Blackstone Senior Loan ETF
, which brought in $451 million.) And conventional fixed income funds suffered $1.8 billion in net outflows this week, their 11th week of outflows in a row, down W/W from $4 billion.
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