MutualFundWire.com: Industry Outflows Return, But ...

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Friday, March 11, 2022

Industry Outflows Return, But ...

Industry outflows returned this week, thanks to money funds and bonds. Yet stock funds had a good week.

Jack Fischer
Refinitiv Lipper
Senior Research Analyst

In the U.S. Weekly FundFlows Insight report for the week ending March 9, 2022 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $20.2 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's first week of net outflows in three weeks, down from $33.4 billion in net inflows last week and $3.9 billion two weeks ago. Yet long-term (i.e. non-money market) funds and ETFs brought in $6 billion in net outflows this week.

Equity funds brought in $12.5 billion in net inflows this week, up from $1.8 billion last week. On the flip side, money market funds suffered $26.2 billion in net outflows this week, taxable bond funds suffered $5.8 billion in net outflows, and tax-exempt bond funds suffered $662 million in net outflows.

Equity ETFs brought in $18.7 billion in net inflows this week, their fifth week of net inflows in a row. Yet conventional (i.e. non-ETF equity funds) suffered $6.2 billion in net outflows, their fifth week of outflows in a row.

Within conventional equity, domestic equity funds suffered $4.1 billion in net outflows (also their fifth week of outflows in a row), while non-domestic equity funds suffered $2.1 billion in net outflows (their second week of outflows in a row).

On the fixed income side, taxable ETFs brought in $446 million in net inflows this week, their third week of inflows in a row. And municipal bond ETFs brought in $572 million in net inflows this week, their fifth week of inflows in six weeks.

Conventional taxable fixed income funds suffered $6.2 billion in net outflows this week, their seventh week of outflows in a row. And conventional muni bond funds suffered $1.2 billion in net outflows, their ninth week of outflows in a row.

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