Net flows into nondomestic equity ETFs approached $7 billion this week, a record for the category, according to the latest data from LSEG's Refinitiv Lipper team.

Tom Roseen Refinitiv Lipper Head of Research Services

In the U.S. Weekly FundFlows Insight report for the week ending January 25, 2023 (i.e. Wednesday), Tom Roseen, senior research analyst at Refinitiv Lipper, reveals that $21.9 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's fifth week of inflows in a row, up from $202 million last week. Long-term (i.e. non-money market) funds brought in $6.5 billion this week, up from $5.7 billion.

Money market funds took the lead this week, bringing in $15.4 billion in net inflows, up from $5.5 billion in net outflows this week. Taxable fixed income funds brought in $5.8 billion in net inflows this week (down from $8.3 billion), and tax-exempt fixed income funds brought in $1.3 billion (down from $1.5 billion). On the flip side, equity funds suffered $555 million in net outflows this week (down from $4.1 billion).

Equity ETFs brought in $2.8 billion in net inflows this week. It was their second week of inflows in three weeks, up from $2.1 billion in net outflows last week.

Domestic equity ETFs suffered $3.9 billion in net outflows this week. It was their third week of outflows in a row.

Nondomestic equity ETFs brought in $6.7 billion in net inflows this week. It was their fifth week of inflows in a row and their largest weekly inflows on record since the Lipper team started tracking such flows back in 1996.

This week's biggest equity ETF winner was the JPMorgan BetaBuilders Europe ETF (BBEU), with $2.7 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $3.4 billion in net outflows this week. It was their 51st week of outflows in a row, up from $2 billion last week.

Conventional domesetic equity funds suffered $1.4 billion in net outflows this weeek (their fourth week of outflows in a row). And conventional nondomestic equity funds suffered $2 billion in net outflows (their 43rd week of outflows in a row).

Taxable fixed income ETFs brought in $5 billion in net inflows this week. It was their fifth week of inflows in a row.

This week's biggest taxable fixed income ETF winner was the Schwab Short Term US Treasury ETF (SCHO), with $2.3 billion in net inflows.

Municipal bond ETFs suffered $611 million in net outflows this week. It was their first week of outflows in five weeks, down from $144 million in net outflows last week.

This week's biggest muni bond ETF winner was the Invesco National AMT-Free Muni Bond ETF (PZA), with $68 million in net inflows.

Conventional taxable fixed income funds brought in $736 million in net inflows this week. It was their third week of inflows in a row, down from $1.5 billion.

Conventional muni bond funds brought in $1.9 billion in net inflows this week. It was their third week of inflows in a row, up from $1.4 billion. 

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