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Rating:Inflows Jump $116B In a Week, But ... Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, April 28, 2023

Inflows Jump $116B In a Week, But ...

Reported by Neil Anderson, Managing Editor

Industry inflows improved by nearly $116 billion this week, yet the improvement was almost exclusively concentrated in one category, according to the latest data from LSEG's Refinitiv Lipper team.

In the U.S. Weekly FundFlows Insight report for the week ending April 26, 2023 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $46.1 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's eighth week of inflows in nine weeks, up from $69.7 billion in net outflows last week. Yet long-term (i.e. non-money market) funds suffered $3.7 billion in net outflows this week, up from $2.3 billion.

Money market funds dominated flows again this week, bringing $49.8 billion in net inflows, up from $67.4 billion in net outflows last week.

On the flip side, equity funds suffered $2 billion in net outflows this week (up from $856 million last week), taxable fixed income funds suffered $1.6 billion in net outflows this week (down from $1.4 billion in net inflows), and tax-exempt fixed income funds suffered $92 million in net outflows this week (down from $2.9 billion).

Equity ETFs brought in $6.1 billion in net inflows this week. It was their third week of inflows in a row, up from $4.1 billion last week.

This week's biggest equity ETF winner, for the third week in a row, was SSGA's SPDR S&P 500 ETF (SPY), with $4.9 billion in net inflows. That's up from $2.4 billion last week.

Conventional (i.e. non-ETF) equity funds suffered $8.1 billion in net outflows this week. It was their 64th week of outflows in a row, up from $5 billion last week.

Fixed income ETFs suffered $238 million in net outflows this week. It was their first week of outflows in ten weeks.

This week's biggest taxable fixed income ETF winner was BlackRock's iShares: 20+ Treasury Bond ETF (TLT), with $740 million in net inflows.

Municipal bond ETFs brought in $416 million in net inflows this week. It was their first week of inflows in three weeks, up from $630 million in net outflows last week.

Conventional taxable fixed income funds suffered $1.4 billion in net outflows this week. It was their tenth week of outflows in a row, up from $1.2 billion last week.

Conventional muni bond funds suffered $509 million in net outflows this week. It was their tenth week of outflows in a row, down from $2.2 billion last week. 

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