Long-term inflows returned this week, even as money fund outflows doubled, 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 February 8, 2023 (i.e. Wednesday), Tom Roseen, head of research services at Refinitiv Lipper, reveals that $11.5 billion net flowed out of mutual funds and ETFs in the U.S. this week. It was the industry's second week of outflows in a row, up from $10.7 billion last week. Long-term (i.e. non-money market) funds brought in $4.7 billion in net inflows this week, up from $2.4 billion in net outflows.

Taxable bond funds brought in $3.8 billion in net inflows this week, up from $2.7 billion in net outflows last week. Tax-exempt bond funds brought in $775 million in net inflows this week (up from $362 million in net outflows), and equity funds brought in $111 million in net inflows (down from $637 million).

On the flip side, money market funds suffered $16.2 billion in net outflows this week. That's up from $8.3 billion last week.

Equity ETFs brought in $3.9 billion in net inflows this week. It was their third week of inflows in a row, down from $4.6 billion last week.

Domestic equity ETFs brought in $1.7 billion in net inflows this week, their second week of inflows in a row. And non-domestic equity ETFs brought in $2.2 billion in net inflows this week, their seventh week of inflows in a row.

This week's biggest equity ETF winner was the BNY Mellon US Large Cap Core Equity ETF (BKLC), with $1.2 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $3.8 billion in net outflows this week. It was their 53rd week of outflows in a row, down from $3.9 billion last week.

Conventional domestic equity funds suffered $3.7 billion in net outflows this week, their sixth week of outflows in a row. And conventional non-domestic equity funds suffered $170 million in net outflows this week, their 45th week of outflows in a row.

Taxable fixed income ETFs brought in $463 million in net inflows this week. It was their sixth week of inflows in seven weeks.

This week's biggest taxable fixed income ETF winner was the WisdomTree Voya Yield Enhanced USDE Universal Bond Fund, with $1.1 billion in net inflows.

Municipal bond ETFs suffered $475 million in net outflows this weeks. It was their third week of outflows in a row, down from $714 million last week.

This week's biggest muni bond ETF winner was SSGA's SPDR Nuveen Bloomberg Muni Bond ETF (TFI).

Conventional taxable fixed income funds brought in $3.4 billion in net inflows this week. It was their fifth week of inflows in a row, up from $1.8 billion last week.

Conventional muni bond funds brought in $1.2 billion in net inflows this week. It was their fifth week of inflows in a row, up from $352 million. 

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