MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
Friday, June 10, 2022 $24B Flows Into Money Funds, But ... Investors smiled on money funds again this week in a big way, but long-term funds' fortunes soured, according to the latest data from the Lipper team at Refinitiv.
Money market funds brought in $24.3 billion in net inflows this week. That's up from $12.4 billion in net outflows last week. On the flip side, all three major long-term fund categories suffered outflows this week. Taxable bond funds suffered $2.8 billion in net outflows this wee (down from $262 million in net inflows), tax-exempt bond funds suffered $2.1 billion in net outflows this week (down from $1.2 billion in net inflows), and equity funds suffered $274 million in net outflows this week (down from $7.4 billion in net inflows). Equity ETFs brought in $4.8 billion in net inflows this week, their sixth week of inflows in a row, down from $11.9 billion last week. The biggest equity ETF winner this week was BlackRock's iShares: Core S&P 500 ETF (IVV) with $7 billion in net inflows. Conventional (i.e. non-ETF) equity funds suffered $4.8 billion in net outflows this week, their 18th week of outflows in a row. That's up from $4.5 billion last week. On the fixed income side, ETFs brought in $422 million in net inflows this week, their eighth week of inflows in a row, down from $3.7 billion last week. The biggest taxable fixed income ETF winner this week was BlackRock's iShares: Broad USD High Yield Corporate Bond ETF (USHY) with $711 million in net inflows. Conventional taxable fixed income funds suffered $3.2 billion in net outflows this week, their 20th week of outflows in a row, down from $3.4 billion last week. And conventional municipal bond funds suffered $1.7 billion in net outflows this week, their 20th week of outflows in 21 weeks, down from $325 million in net inflows. Printed from: MFWire.com/story.asp?s=64501 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |