Index funds and ETFs that focus on stocks just had their worst week in more than six years, suffering $3.4 billion in net outflows, according to the latest flows data from the LSEG Lipper team.

In the U.S. Weekly FundFlows Insight report for the week ending June 19, 2024 (i.e. Wednesday), the LSEG Lipper team confirms that $30 billion net flowed out of mutual funds and ETFs in the U.S. this week. It's the industry's first week of outflows in three weeks, a $36.3-billion net flows drop from last week. Long-term (i.e. non-money-market) funds suffered $6.5 billion in net outflows this week, down by $7.5 billion week-over-week.

Taxable fixed income funds led the inflows pack this week, bringing in $1.5 billion in net inflows, down by $4.3 billion W/W. Other inflows winners this week included: alternatives funds, $797 million in net inflows (up by $533 million W/W); and tax-exempt fixed income funds, $16 million in net inflows (down $138 million W/W).

On the flip side, money market funds suffered $23.5 billion in net outflows this week, a $43.8-billion net flows drop W/W. Other outflows sufferers this week included: equity funds, $7.4 billion (down by $12.4 billion W/W); commodities funds, $697 million (up by $637 million W/W); and mixed-assets funds, $293 million (down by $59 million W/W).

Equity ETFs suffered $1.6 billion in net outflows this week. It was their third week of outflows in four weeks, down by $13.1 billion W/W.

This week's biggest equity ETF winner was BlackRock's iShares S&P 500 Core ETF (IVV). The fund brought in $18.1 billion in net inflows.

Conventional equity funds suffered $5.1 billion in net outflows this week. It was their 123rd week of outflows in a row, up by $600 million W/W.

Taxable fixed income ETFs brought in $3.2 billion in net inflows this week. It was their sixth week of inflows in seven weeks, down by $3.6 billion W/W.

This week's taxable fixed income ETF winner, for a second week running, was the iShares 20+ Year Treasury Bond ETF (TLT). The fund brought in $481 million in net inflows, down by $1.019 billion W/W.

Conventional taxable fixed income funds suffered $1.6 billion in net outflows this week. It was their eighth week of outflows in ten weeks, up by $500 million W/W.

Municipal bond ETFs brought in $150 million in net inflows this week. It was their third consecutive week of inflows and their seventh in the last ten weeks, down by $109 million W/W.

Conventional muni bond funds suffered $134 million in net outflows this week. It was their seventh week of outflows in ten weeks, up by $29 million W/W. 

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