Net flows into long-term funds fell by $18.9 billion in two weeks, even as money fund flows more than quadrupled, according to the latest data from the
LSEG Lipper team.
| Jack Fischer LSEG Lipper Senior Research Analyst | |
In the
U.S. Weekly FundFlows Insight report for the week ending November 29 (i.e. Wednesday),
Jack Fischer, senior research analyst at LSEG Lipper, reveals that $63.6 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's sixth week of inflows in a row, up from $29.4 billion
two weeks ago. Long-term (i.e. non-money-market) funds suffered $4.3 billion in net outflows this week, down from $14.6 billion in net inflows the week before last.
Money market funds again led the way, bringing in $67.9 billion in net inflows this week, up from $14.8 billion two weeks ago. And alternatives funds brought in $98 million in net inflows this week, down from $377 million the week before last.
On the flip side, equity funds suffered $2.8 billion in net outflows this week, down from $10 billion in net inflows two weeks ago. Taxable fixed income funds suffered $873 million in net outflows this week (down from $4.7 billion in net inflows the week before last), commodities funds suffered $481 million in net outflows (down from $202 million in net inflows two weeks ago), mixed assets funds suffered $249 million in net outflows (down from $439 million the week before last), and tax-exempt fixed income funds suffered $64 million in net outflows (down from $235 million two weeks ago).
Equity ETFs brought in $2.5 billion in net inflows this week. It was their ninth week of inflows in a row, down from $15.9 billion two weeks ago.
This week's biggest equity ETF winner was
SSGA's SPDR S&P 500 ETF Trust (SPY). The fund brought in $3.7 billion in net inflows.
Conventional (i.e. non-ETF) equity funds suffered $5.3 billion in net outflows this week. It was their 95th week running of net outflows, down from $6 billion the week before last.
Taxable fixed income ETFs brought in $610 million in net inflows this week. It was their eighth consecutive week of inflows, down from $6.7 billion two weeks ago.
This week's biggest taxable fixed income ETF winner was
BlackRock's iShares 20+ Year Treasury Bond ETF. The fund brought in $822 million in net inflows.
Conventional taxable fixed income funds suffered $1.5 billion in net outflows this week. It was their 12th week of outflows in a row, down from $2 billion the week before last.
Municipal bond ETFs brought in $513 million in net inflows this week. It was their 12th consecutive week of inflows, down from $712 million two weeks ago.
Conventional muni bond funds suffered $577 million in net outflows this week. It was their 17th week of outflows in a row, down from $947 million the week before last. 
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE