Industry inflows returned this week, even in long-term funds, 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 July 27, 2022 (i.e. Wednesday), Jack Fischer
, senior research analyst at Refinitiv Lipper, reveals that $6.1 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's third week of inflows in four weeks, up from $7.2 billion in net outflows last week
. Long-term funds and ETFs brought in $100 million in net inflows this week, up from $1.6 billion in net outflows.
Money market funds were the biggest bright spot this week, with $6 billion in net inflows, up from $5.6 billion last week. Equity funds brought in $372 million in net inflows this week (up from $10.4 billion in net outflows), and tax-exempt bond funds brought in $327 million in net inflows (up from $699 million in net outflows). Yet taxable bond funds suffered $537 million in net outflows this week, down from $1.6 billion.
Equity ETFs brought in $5.5 billion in net inflows this week, up from $2.7 billion in net outflows last week. The biggest equity ETF winner this week was SSGA's SPDR S&P 500 ETF
(SPY) with $3.8 billion in net inflows.
Conventional (i.e. non-ETF) equity funds suffered $5.2 billion in net outflows this week. That's their 25th week of outflows in a row, down from $7.7 billion last week.
On the fixed income side, fixed income ETFs brought in $3.2 billion in net inflows this week, their 13th week of inflows in 15 weeks. The biggest taxable fixed income ETF winner this week was BlackRock's iShares: U.S. Treasury Bond ETF
(GOVT) with $1.5 billion in net inflows.
Conventional taxable fixed income funds suffered $3.8 billion in net outflows this week. It was their 27th week of outflows in a row, down from $6.3 billion last week. And conventional municipal bond funds suffered $472 million in net outflows this week. It was their 27th week of outflows in 30 weeks, down from $731 million last week.
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