Industry inflows returned this week, almost exclusively thanks to money funds, according to the latest data from the Lipper
team at Refinitiv
. Yet long-term (i.e. non-money market) funds' outflows lessened, too.
| Tom Roseen|
Head of Research Services
In the U.S. Weekly FundFlows Insight
report for the week ending April 27, 2022 (i.e. Wednesday), Tom Roseen
, head of research services at Refinitiv Lipper, reveals that $28.4 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's first week of inflows in four weeks, up from $85.1 billion in net outflows last week
. Long-term funds and ETFs suffered $11.6B in net outflows this week, down from $23.1 billion last week.
Money market funds led the way once again, this time with $40 billion in net inflows, up week-over-week from $62 billion in net outflows. Taxable bond funds brought in $19 million in net inflows this week, up W/W from $4.8 billion in net outflows. On the flip side, equity funds suffered $8.8 billion in net outflows this week (down W/W from $14.7 billion), and tax-exempt bond funds suffered $2.9 billion in net outflows (down W/W from $3.6 billion).
Equity ETFs suffered $1.2 billion in net outflows this week, their third week of outflows in a row, down W/W from $9.7 billion. (The biggest equity ETF winner this week was SSGA's SPDR S&P 500 ETF
, i.e. SPY, which brought in $1.5 billion in net inflows). Domestic equity ETFs suffered $468 in net outflows, their third week of net outflows in a row. And nondomestic equity ETFs suffered $733 million in net outflows, their first week of outflows in six weeks.
Conventional (i.e. non-ETF) equity funds suffered $7.6 billion in net outflows this week, their 12th week of outflows in a row, up W/W from $5.1 billion. Conventional domestic equity funds suffered $3.1 billion in net outflows (also their 12th week of outflows in a row), while conventional nondomestic equity funds suffered $4.5 billion in net outflows (their third week of outflows in a row).
On the fixed income side, taxable fixed income ETFs brought in $4.3 billion in inflows this week, their second week of inflows in a row. And Municipal bond ETFs brought in $288 million in net inflows, their seventh week of inflows in the last eight weeks. (The biggest fixed income ETF winner this week was again BlackRock's iShares iBoxx $ Investment Grade Corporate Bond ETF
, i.e. LQD, which brought in $1.1 billion in net inflows.)
As for conventional fixed income mutual funds, taxable funds suffered $4.3 billion in net outflows this week, their 14th week of outflows in a row. And muni bond funds suffered $3.2 billion in net outflows, their 16th week of outflows in a row.
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