MutualFundWire.com: Inflows Quintuple to $62B, Thanks to Money Funds

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Friday, October 29, 2021

Inflows Quintuple to $62B, Thanks to Money Funds

Industry inflows jumped nearly fivefold this week, driven by a return to money fund inflows and a rise in equity ETF inflows, according to the latest data from the Lipper team at Refinitiv.

Tom Roseen
Refinitiv Lipper
Head of Research Services

In the U.S. Weekly FundFlowsInsight report for the week ending October 27 (i.e. Wednesday), Tom Roseen, head of research services at Refinitiv Lipper, reveals that $61.9 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's second week of net inflows in a row, up from $11.6 billion in net inflows last week.

Money market funds brought in $42.2 billion in net inflows this week, their first week of inflows in four weeks and an increase from $7.9 billion in net outflows last week. Equity funds brought in $15.1 billion in net inflows this week, up from $10.9 billion. Taxable bond funds brought in $4.2 billion in net inflows, down from $8.3 billion. And tax-exempt bond funds brought in $397 million in net inflows, up from $177 million.

Equity ETFs brought in $19.5 billion in net inflows this week, their fourth week in a row of net inflows, up from $11.7 billion last week. Conventional (i.e. non-ETF) equity funds suffered another $4.4 billion in net outflows; it was their third week of outflows in a row, up from $772 million.

Within conventional equity funds, domestic equity funds suffered $4.2 billion in net outflows this week, their 18th week in a row of net outflows, up from $1.3 billion last week. And conventional non-domestic equity funds suffered $178 million in net outflows this week, their second week in three of net outflows, down from $536 million in net inflows.

On the fixed income side, taxable fixed income ETFs brought in $3.4 billion in net inflow this week, their third week of inflows in a row. And municipal bond ETFs brought in $70 million in net inflows, their 35th week in a row of net inflows.

As for conventional funds, conventional taxable bond funds brought in $739 million in net inflows this week, their third week of inflows in a row. And conventional muni bond funds brought in $327 million in net inflows, their second week of inflows in three weeks.

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