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Rating:70 Weeks of Outflows In a Row, and Counting Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 9, 2023

70 Weeks of Outflows In a Row, and Counting

Reported by Neil Anderson, Managing Editor

Non-ETF equity funds have now suffered 16 months of non-stop weekly outflows, according to the latest data from the LSEG Lipper team.

Jack Fischer
LSEG Lipper
Senior Research Analyst
In the U.S. Weekly FundFlows Insight report for the week ending June 7, 2023 (i.e. Wednesday), Jack Fischer, head of research services at LSEG Lipper (fka Refinitiv Lipper), reveals that $22.4 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's sixth week of inflows in seven weeks, up from $2.1 billion in net outflows last week. Long-term funds (i.e. non-money market funds) suffered $11.7 billion in net outflows this week, up from $5.9 billion.

Money market funds dominated this week, bringing in $34.1 billion in net inflows, up from $3.8 billion in net outflows last week. Taxable fixed income funds brought in $4 billion in net inflows this week (up from $6.7 billion in net outflows), and tax-exempt fixed income funds brought in $460 million (up from $1.3 billion in net outflows).

On the flip side, equity funds suffered $16.2 billion in net outflows this week. That's down from $2.2 billion in net inflows last week.

Equity ETFs suffered $8.8 billion in net outflows this week. It was their first week of outflows in three weeks and their largest in ten, down from $7.2 billion in net inflows last week.

This week's biggest equity ETF winner was BlackRock's iShares: Russell 2000 ETF (IWM). The fund brought in $1.9 billion in net inflows this week.

Conventional (i.e. non-ETF) equity funds suffered $7.3 billion in net outflows this week. It was their 70th week of outflows in a row, up from $5 billion last week.

Fixed income ETFs brought in $242 million in net inflows this week. It was their fourth week of inflows in five weeks.

This week's biggest taxable bond ETF winner was BlackRock's iShares iBoxx $High Yield Corporates ETF (HYG). The fund brought in $1.4 billion in net inflows this week.

Municipal bond ETFs suffered $132 million in net outflows this week. It was their third week of outflows in four weeks, down from $45 million in net inflows last week.

Conventional taxable bond funds brought in $3.8 billion in net inflows this week. It was their first week of inflows in 16 weeks, up from $5.8 billion in net outflows last week.

Conventional muni bond funds brought in $592 million in net inflows this week. It was their first week of inflows in 16 weeks, up from $1.4 billion in net outflows last week. 

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