MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, September 16, 2022 Outflows Climb By $8.6B, But ... Mutual fund industry outflows climbed by $8.6 billion this week, even as the flows picture improved for long-term funds for a second week in a row, according to the latest data from LSEG's Refinitiv Lipper team.
Taxable bond funds brought in $3.4 billion in net inflows this week, up from $913 million in net outflows last week. On the flip side, money market funds suffered $15.3 billion in net outflows this week (up from $2.6 billion last week), equity funds suffered $12.7 billion in net outflows this week (down from $12.9 billion), and tax-exempt bond funds suffered $1.4 billion in net outflows this week (up from $1.1 billion). Equity ETFs suffered $5.9 billion in net outflows this week. It was their third week of outflows in a row, down from $7.8 billion last week. This week's biggest equity ETF winner was SSGA's Sector Sector: Consumer Staples SPDR (XLP), with $635 million in net inflows. Conventional (i.e. non-ETF) equity funds suffered $6.8 billion in net outflows this week. It was their 32nd week of outflows in a row, up from $5.1 billion last week. On the flip side, fixed income ETFs brought in $7.2 billion in net inflows this week. It was their 11th week of inflows in 12 weeks. This week's biggest taxable fixed income ETF winner was BlackRock's iShares: Short Treasury Bond ETF (SHV), with $1.5 billion in net inflows. Municipal bond ETFs suffered $4 million in net outflows this week. It was their sixth week of outflows in a row, down from $189 million last week. Conventional taxable fixed income funds suffered $3.8 million in net outflows this week. It was their fourth week of outflows in a row, down from $1.5 billion last week. Conventional muni bond funds suffered $1.4 billion in net outflows this week. It was their fifth week of outflows in six weeks, up from $901 million last week. And Fischer notes that conventional muni bond funds have only had five weeks of inflows in 2022. Printed from: MFWire.com/story.asp?s=64881 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
