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Friday, July 8, 2022 Long-Term Outflows Fall to $8B Industry inflows returned this week, and long-term outflows fell 54 percent in two weeks, according to the latest data from the Lipper team at Refinitiv.
Money market funds led the way this week, with $20.41 billion in net inflows, up from $1.9 billion in net outflows two weeks ago. On the flip side, equity funds suffered $7.9 billion in net outflows this week (up from $5.4 billion two weeks ago), tax-exempt bond funds suffered $313 million in net outflows (down from $1.6 billion two weeks ago), and taxable bond funds suffered $111 million in net outflows (down from $11.2 billion two weeks ago). Equity ETFs suffered $3.5 billion in net outflows this week, their fourth week of outflows in a row, up from $386 million two weeks ago. The biggest equity ETF winner this week was SSGA's Selector Sector: Utilities SPDR ETF (XLU) with $557 million in net inflows. Conventional (i.e. non-ETF) equity funds suffered $4.4 billion in net outflows this week. It was their 22nd week of outflows in a row, down from $5.1 billion two weeks ago. On the fixed income side, fixed income ETFs brought in $7.5 billion in net inflows this week, their second week of inflows in a row, up from $1.5 billion in net outflows two weeks ago. The biggest taxable fixed income ETF winner this week was BlackRock's iShares: 7-10 Treasury Bond ETF (IEF) with $2.8 billion in net inflows. Conventional taxable fixed income funds suffered $7.6 billion in net outflows this week, their 24th week of outflows in a row, down from $9.7 billion two weeks ago. And conventional municipal bond funds suffered $828 million in net outflows this week, their 25th week of outflows in 26 weeks, down from $2.1 billion two weeks ago. Printed from: MFWire.com/story.asp?s=64609 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |