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Rating:Long-Term Flows Rebound By $13.4B Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 10, 2023

Long-Term Flows Rebound By $13.4B

Reported by Neil Anderson, Managing Editor

Industry inflows fell by nearly $40 billion last week, despite a $13.4-billion improvement in flows for long-term funds, according to the latest data from the LSEG Lipper team.

Tom Roseen
LSEG Lipper
Head of Research Services
In the U.S. Weekly FundFlows Insight report for the week ending November 8 (i.e. Wednesday), Tom Roseen, head of research at LSEG Lipper, reveals that $14.2 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's third week of inflows in a row, down week-over-week from $53.3 billion last week. Long-term (i.e. non-money-market) funds brought in $10.3 billion in net inflows this week, up W/W from $3.1 billion in net outflows.

Fixed income funds led the way with $7.1 billion in net inflows this week. Money market funds brought in $3.9 billion in net inflows this week (down W/W from $56.4 billion), equity funds brought in $3 billion in net inflows this week (up W/W from $983 million), commodity funds brought in $453 million, and alternatives funds brought in $262 million (down W/W from $1.1 billion in net outflows).

On the flip side, mixed assets funds suffered $573 million in net outflows this week. That's down W/W from $1.2 billion.

Equity ETFs brought in $8.8 billion in net inflows this week. It was their sixth consecutive week of inflows, up W/W from $7.8 billion.

Domestic equity ETFs brought in $8.1 billion in net inflows this week, their sixth week of inflows running. And non-domestic equity ETFs brought in $680 million in net inflows, their first week of inflows in three weeks.

This week's biggest equity ETF winner was BlackRock's iShares Russell 2000 ETF (IWM). The fund brought in $1.1 billion in net inflows this week.

Conventional (i.e. non-ETF) equity funds suffered $5.8 billion in net outflows this week. It was their 92nd week of outflows in a row, down W/W from $6.8 billion.

Conventional domestic equity funds suffered $4 billion in net outflows this week, their 92nd consecutive week of outflows. And conventional non-domestic equity funds suffered $1.5 billion in net outflows, their 35th week of outflows running.

Alts ETFs brought in $620 million in net inflows this week. Yet conventional alts funds suffered $358 million in net outflows.

Commodity ETFs brought in $478 million in net outflows this week. Yet conventional commodity funds suffered $25 million in net outflows.

Mixed assets ETFs suffered $37 million in net outflows this week. And conventional mixed assets funds suffered $537 million in net outflows.

Taxable fixed income ETFs brought in $8.8 billion in net inflows this week. It was their fifth week of inflows in a row, up W/W from $3.5 billion.

This week's biggest taxable fixed income ETF winner was BlackRock's iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The fund brought in $3.3 billion in net inflows this week.

Conventional taxable fixed income funds suffered $1.6 billion in net outflows this week. It was their sixth consecutive week of outflows, down W/W from $3.7 billion.

Municipal bond ETFs brought in $1 billion in net inflows this week. It was their ninth week of inflows running.

This week's biggest muni bond ETF winner was BlackRock's iShares National Muni Bond ETF (MUB). The fund brought in $195 million in net inflows this week.

Conventional muni bond funds suffered $1.2 billion in net outflows this week. It was their 14th week of outflows in a row, down W/W from $1.4 billion. 

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