Net flows in one mutual fund category improved by $48.6 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 January 31, 2024 (i.e. Wednesday), Jack Fischer, senior research analyst at LSEG Lipper, reveals that $50.1 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's second week of inflows in three weeks, up week-over-week from $6.6 billion in net outflows. Long-term (i.e. non-money-market) funds brought in $10.2 billion in net inflows this week, up from $2.1 billion last week.

Money market funds led the way with $39.9 billion in net inflows this week, up W/W from $8.7 billion in net outflows. Taxable fixed income funds brought in $6.4 billion in net inflows this week, equity funds brought in $3.5 billion (up W/W from $1.8 billion in net outflows), and tax-exempt fixed income funds brought in $1.5 billion.

On the flip side, commodities funds suffered $733 million in net outflows this week, down W/W from $220 million in net inflows. Mixed-assets funds suffered $239 million in net outflows this week (down W/W from $352 million), and alternatives funds suffered $161 million in net outflows (down W/W from $68 million in net inflows).

Equity ETFs brought in $10.1 billion in net inflows this week. It was their 16th week of inflows in 18 weeks, up W/W from $1.8 billion in net outflows.

This week's biggest equity ETF winner was BlackRock's iShares Core S&P 500 ETF (IVV). The fund brought in $3.8 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $6.6 billion in net outflows this week. It was their 103rd consecutive week of outflows, up W/W from $3.9 billion.

Taxable fixed income ETFs brought in $889 million in net inflows this week. It was their sixth week of inflows in a row, up W/W from $2.1 billion.

This week's biggest taxable FI ETF winner was BlackRock's iShares Core Total USD Bond Market ETF (IUSB). The fund brought in $2.6 billion in net inflows.

Conventional taxable fixed income funds brought in $5.5 billion in net inflows this week. It was their fifth consecutive week of inflows, up W/W from $1.7 billion.

Municipal bond ETFs brought in $817 million in net inflows this week, their largest weekly inflows since November. That's up W/W from $323 million in net outflows.

Conventional muni bond funds brought in $660 million in net inflows. That's up W/W from $534 million in net outflows. 

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