Mutual fund industry outflows climbed by $8.6 billion this week, even as the flows picture improved for long-term funds for a second week in a row, according to the latest data from LSEG's Refinitiv Lipper team.

Jack Fischer Refinitiv Lipper Senior Research Analyst

In the U.S. Weekly FundFlows Insight report for the week ending September 14, 2022 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $26.1 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's third week of outflows in a row, up from $17.5 billion last week. Long-term (i.e. non-money market) funds and ETFs suffered $10.8 billion in net outflows this week, down from $14.9 billion.

Taxable bond funds brought in $3.4 billion in net inflows this week, up from $913 million in net outflows last week. On the flip side, money market funds suffered $15.3 billion in net outflows this week (up from $2.6 billion last week), equity funds suffered $12.7 billion in net outflows this week (down from $12.9 billion), and tax-exempt bond funds suffered $1.4 billion in net outflows this week (up from $1.1 billion).

Equity ETFs suffered $5.9 billion in net outflows this week. It was their third week of outflows in a row, down from $7.8 billion last week. This week's biggest equity ETF winner was SSGA's Sector Sector: Consumer Staples SPDR (XLP), with $635 million in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $6.8 billion in net outflows this week. It was their 32nd week of outflows in a row, up from $5.1 billion last week.

On the flip side, fixed income ETFs brought in $7.2 billion in net inflows this week. It was their 11th week of inflows in 12 weeks. This week's biggest taxable fixed income ETF winner was BlackRock's iShares: Short Treasury Bond ETF (SHV), with $1.5 billion in net inflows.

Municipal bond ETFs suffered $4 million in net outflows this week. It was their sixth week of outflows in a row, down from $189 million last week.

Conventional taxable fixed income funds suffered $3.8 million in net outflows this week. It was their fourth week of outflows in a row, down from $1.5 billion last week.

Conventional muni bond funds suffered $1.4 billion in net outflows this week. It was their fifth week of outflows in six weeks, up from $901 million last week. And Fischer notes that conventional muni bond funds have only had five weeks of inflows in 2022. 

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