Money funds' flows improved by $110 billion this week, even as long-term funds' flows worsened by more than $22 billion, according to the latest data from
LSEG's Refinitiv Lipper team.
| Tom Roseen Refinitiv Lipper Head of Research Services | |
In the
U.S. Weekly FundFlows Insight report for the week ending March 15, 2023 (i.e. Wednesday),
Tom Roseen, head of research services at Refinitiv Lipper, reveals that $88.4 billion net flows into mutual funds and ETFs in the U.S. this week. It was the industry's third week of inflows in a row, up from $853 million
last week. Long-term (i.e. non-money market) funds suffered $19.6 billion in net outflows this week, down from $2.853 billion in net inflows.
Money market funds brought in $108 billion in net inflows this week. That's their fifth largest weekly inflows on record (i.e. since 1992), up from $2 billion in net outflows last week.
On the flip side, equity funds suffered $17.7 billion in net outflows this week (up from $735 million last week), taxable fixed income funds suffered $1.5 billion in net outflows this week (down from $3.9 billion in net inflows), and tax-exempt fixed income funds suffered $461 million in net outflows this week (up from $308 million).
Equity ETFs suffered $11.9 billion in net outflows this week. It was their third week of outflows in four weeks and their largest weekly outflows since December, down from $3.2 billion in net inflows last week.
Domestic equity ETFs suffered $10.8 billion in net outflows this week. It was their fourth week of outflows in five weeks, down from $3.2 billion in net outflows last week.
Non-domestic equity ETFs suffered $1.1 billion in net outflows this week. It was their second week of outflows in a row, up from $5 million last week.
This week's biggest equity ETF winner was
SSGA's SPDR S&P Regional Banking ETF (KRE), with $1.4 billion in net inflows. It was the fund's strongest weekly inflows since its inception back in 2006.
Conventional (i.e. non-ETF) equity funds suffered $5.8 billion in net outflows this week. It was their 58th week of outflows in a row, up from $3.9 billion last week.
Conventional domestic equity funds suffered $4.8 billion in net outflows this week. It was their 11th week of outflows in a row, up from $3.8 billion last week.
Conventional non-domestic equity funds suffered $1 billion in net outflows this week. It was their third week of outflows in a row, up from $73 million last week.
Taxable fixed income ETFs brought in $3.7 billion in net inflows this week. It was their fourth week of inflows in a row, down from $4.9 billion last week.
This week's biggest taxable fixed income ETF winner was, for the second week in a row, SSGA's
SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), with $2.5 billion in net inflows. That's up from $723 million last week/
Conventional taxable fixed income funds suffered $5.2 billion in net outflows this week. It was their fourth week of outflows in a row, up from $1 billion last week.
Municipal bond ETFs suffered $83 million in net outflows this week. It was their seventh week of outflows in eight weeks, down from $50 million in net inflows last week.
This week's biggest muni bond ETF winner, for the second week in a row, was
BlackRock's iShares National Muni Bond ETF (MUB), with $170 million in net inflows. That's up from $105 million last week.
Conventional muni bond funds suffered $378 million in net outflows this week. It was their fourth week of outflows in a row, up from $358 million last week. 
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