Industry inflows dropped by more than 53 percent last week, thanks to falling ETF inflows and despite falling mutual fund outflows, according to the latest data from the folks at a mutual fund industry trade group.

Today, the Investment Company Institute (ICI) team reports that an estimated $11.154 billion net flowed into ETFs and long-term mutual funds for the week ended August 20. (Money market fund flows are not included.) That's a $12.634-billion net flows drop week-over-week, from the week ended on August 13.*

Traditional long-term, open-end mutual funds suffered an estimated $10.061 billion in net outflows for the week ended August 20, according to the ICI folks, down by $7.549 billion W/W. Meanwhile, ETFs brought in an estimated $21.216 billion in net inflows last week, down by $20.182 billion W/W.

Bond funds and ETFs were the only overall winners last week. Per ICI's data, $19.566 billion net flowed into bond funds in the week ended August 20, up by $6.164 billion W/W. $17.798 billion of that (up by $4.852 billion W/W) went into taxable bond funds, while $1.768 billion (up by $1.312 billion W/W) went into municipal bond funds.

On the flip side, the other three big categories all suffered outflows (and net flows drops) for the week ended August 20. Equity funds and ETFs suffered an estimated $6.569 billion in net outflows last week, a $15.017-billion net flows drop W/W. More specifically, $4.447 billion net flowed out of domestic equity funds (a $7.567-billion net flows drop W/W), while $2.122 billion net flowed out of world equity funds (a $7.45-billion net flows drop W/W).

Hybrid funds suffered an estimated $1.337 billion in net outflows last week. That's up by $380 million W/W.

Commodity funds suffered an estimated $505 million in net outflows for the week ended August 20. That's a $3.4-billion net flows drop W/W.

*The ICI folks note that they also revise past weeks' flows data "because of adjustments, reclassifications, and changes in the number of funds reporting." Thus, the week-to-week flows changes may not quite line up perfectly with prior coverage of prior weeks' flows. 

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