Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Will 2022 Be One Category's Worst Flows Year In Three Decades? Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 02, 2022

Will 2022 Be One Category's Worst Flows Year In Three Decades?

Reported by Neil Anderson, Managing Editor

2022 is the worst flows year on record for one mutual fund category, at least so far, according to the latest data from the Lipper team at Refinitiv.

Tom Roseen
Refinitiv Lipper
Head of Research Services
In the U.S. Weekly FundFlows Insight report for the week ending August 31, 2022 (i.e. Wednesday), Tom Roseen, head of research services at Refinitiv Lipper, reveals that $30.2 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's first week of outflows in three weeks and it's largest weekly outflows since June 15, down from $3.8 billion in net inflows last week. Long-term (i.e. non-money market) funds and ETFs suffered $23.3 billion in net outflows this week, up from $9.3 billion.

Equity funds led the way with $10.6 billion in net outflows this week, up from $1.2 billion last week. Money market funds suffered $6.9 billion in net outflows this week (down from $13.1 billion in net inflows), taxable bond funds suffered $9.2 billion in net outflows (up from $6.9 billion), and tax-exempt bond funds suffered $3.4 billion in net outflows (up from $1.1 billion).

Conventional (i.e. non-ETF) municipal bond funds suffered $3.1 billion in net outflows this week. It was their second week of outflows in a row, up from $708 million last week. And Roseen notes that conventional muni bond funds have suffered $96.1 billion in net outflows year-to-date, making the first eight months of 2022 the worst such period for the category's net flows in at least 30 years (as the Lipper team started calculating estimated weekly net flows back in 1992).

Conventional taxable fixed income funds suffered $9.9 billion in net outflows this week. That's their second week of outflows in three weeks, up from $2.3 million in net outflows last week.

Taxable fixed income ETFs brought in $688 million in net inflows this week, their ninth week of inflows in ten weeks. This week's biggest taxable fixed income ETF winner was SSGA's SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), with $1.1 billion in net inflows.

Muni bond ETFs suffered $311 million in net outflows this week, their fourth week of outflows in a row. This week's biggest muni bond ETF winner was the DFA National Muni Bond ETF (DFNM), with $57 million in net inflows.

On the equity side, conventional funds suffered an estimated $4.7 billion in net outflows this week. It was their 30th week of outflows in a row, up from $4.4 billion last week.

Conventional domestic equity funds suffered $3.6 billion in net outflows this week, also their 30th week of outflows in a row. And conventional nondomestic equity funds suffered $1.1 billion in net outflows this week, their 21st week of outflows in a row.

Equity ETFs suffered $6 billion in net outflows this week. It was their first week of outflows in four weeks (and their largest weekly outflows since June 15), down from $3.2 billion in net inflows last week. This week's biggest equity ETF winner was SSGA's Financial Select Sector SPDR Fund (XLF), with $978 million in net inflows.

Domestic equity ETFs suffered $5.9 billion in net outflows this week, their first week of outflows in four weeks. And nondomestic equity ETFs suffered $34 million in outflows this week, their fourth week of outflows in a row. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use