This week was a good one for ETFs, but a rough one for other funds, especially one category in particular, according to the latest data from the
Lipper team at
Refinitiv.
| Jack Fischer Refinitiv Lipper Senior Research Analyst | |
In the
U.S. Weekly FundFlows Insight report for the week ending February 9, 2022 (i.e. Wednesday),
Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $16.6 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's second week of net outflows in a row, down from $34.6 billion
last week. Yet long-term (i.e. non-money market) funds and ETFs brought in $16.8 billion in net inflows this week, up $13.2 billion in net outflows.
Money market funds again dominated the overall flows picture, this time with $33.4 billion in net outflows, up from $21.4 billion last week. Yet equity funds brought in $15.9 billion in net inflows this week (their largest inflows YTD, up from $5.2 billion in net outflows last week). Taxable bond funds and tax-exempt bond funds also swung to positive territory this week, bringing in inflows of $655 million (up from $5.1 billion in outflows) and $216 million (up from $2.9 billion in outflows), respectively.
Yet in both stock and bond funds, it was ETFs that had the overall inflows, not conventional (i.e. non-ETF) mutual funds.
Equity ETFs brought in $17.4 billion in net inflows this week, their second week of inflows in three weeks, up from $10 billion in outflows last week. Yet conventional equity funds suffered $1.6 billion in net outflows this week; it was their second week of outflows in three weeks, down from $4.8 billion in inflows last week.
On the fixed income side, ETFs brought in $1.7 billion in net inflows this week, their second week of inflows in three weeks, up from $1.1 billion in outflows last week. And conventional fixed income funds suffered $1.1 billion in net outflows this week, their third week of outflows in a row, down from $3.9 billion last week. 
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