Net industry fund flows fell by nearly $36 billion this week, 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 August 2, 20223 (i.e. Wednesday), Jack Fischer, senior research analyst at LSEG Lipper, reveals that $389 million net flowed out of mutual funds in the U.S. this week. It was the industry's first week of outflows in three weeks, down from $35.5 billion in net inflows last week. Long-term funds (i.e. non-money market funds) suffered $7.589 billion in net outflows this week, down from $6.7 billion in net inflows.

Money market funds kept the lead this week, bringing in $7.2 billion in net inflows. That's down from $28.8 billion last week.

On the flip side, taxable fixed income funds suffered $4.6 billion in net outflows this week, down from $2.9 billion in net inflows last week. Equity funds suffered $1.9 billion in net inflows on this week (down from $3.2 billion in net inflows), and tax-exempt fixed income funds suffered $990 million in net outflows this week (down from $552 million in net inflows).

Equity ETFs brought in $2.2 billion in net inflows this week. It was their sixth week of inflows in a row, down from $10.3 billion last week.

This week's biggest equity ETF winner was BlackRock's iShares Core S&P Mid-Cap ETF (IJH). The fund brought in $2.3 billion in net inflows this week.

Conventional (i.e. non-ETF) equity funds suffered $4.1 billion in net outflows this week. It was their 78th week of outflows in a row, down from $7 billion last week.

Taxable fixed income ETFs suffered $2.5 billion in net outflows this week. It was their first week of outflows in five weeks, down from $2.2 billion in net inflows last week.

This week's biggest taxable fixed income ETF winner was the JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB). The fund brought in $300 million in net inflows this week.

Municipal bond ETFs suffered $685 million in net outflows. It was their first week of outflows in three weeks, down from $250 million in net inflows.
Conventional taxable fixed income funds suffered $2.1 billion in net outflows this week. It was their first week of outflows in five weeks, down from $677 million in net inflows last week.

Conventional muni bond funds suffered $315 million in net inflows this week. It was their fifth week of outflows in six weeks, down from $302 million in net inflows last week. 

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