Stock-focused exchange-traded funds just had their worst week in more than two years, according to the latest flows data from the LSEG Lipper team.

In the U.S. Weekly FundFlows Insight report for the week ending June 12, 2024 (i.e. Wednesday), the LSEG Lipper team confirms that $6.3 billion net flowed into mutual funds and ETFs in the U.S. this week. It's the industry's seventh week of inflows in eight weeks, down by $33.1 billion from last week but up by $15.9 billion from the week before last. Long-term (i.e. non-money-market) funds suffered $14 billion in net outflows this week, a $24.2-billion drop week-over-week.

Money market funds led the pack this week, bringing in $20.3 billion in net inflows, down by $8.9 billion W/W. Other inflows winners this week included: taxable fixed income funds, $5.8 billion (down by $300 million W/W); alternatives funds, $264 million (down by $450 million W/W); and tax-exempt fixed income funds, $154 million (down by $394 million W/W).

On the flip side, equity funds suffered $19.8 billion in net outflows this week, down by $23.5 billion W/W. Other outflows sufferers this week included: mixed-assets funds, $352 million (down by $37 million W/W); and commodities funds, $60 million (down by $581 million W/W).

Equity ETFs suffered $14.7 billion in net outflows this week. It was their largest outflows week since December 2021 and only their third outflows week in 16 weeks, down by $23.7 billion W/W.

This week's biggest equity ETF winner was BlackRock's iShares S&P 500 Growth ETF (IVW). The fund brought in $3.5 billion in net inflows.

Conventional equity funds suffered $5.1 billion in net outflows this week. It was their 122nd week of inflows in a row, down W/W by $300 million.

Taxable fixed income ETFs brought in $6.8 billion in net inflows this week. It was their sixth consecutive week of inflows, up by $4.9 billion W/W.

This week's taxable fixed income ETF winner was the iShares 20+ Year Treasury Bond ETF (TLT). The fund brought in $1.5 billion in net inflows.

Conventional taxable fixed income funds suffered $1.1 billion in net outflows this week. It was their eighth week of outflows in ten weeks, down by $4.2 billion W/W.

Municipal bond ETFs brought in $259 million in net inflows this week. It was their second week of inflows in a row and their seventh in the last ten weeks, down by $1 million W/W.

Conventional muni bond funds suffered $105 million in net outflows this week. It was their fourth week of outflows in five weeks, down by $393 million W/W. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE