MutualFundWire.com: Equity ETF Flows Improve By $8B

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Friday, April 14, 2023

Equity ETF Flows Improve By $8B

Equity ETF flows improved by about $8 billion this week, even as money fund inflows slowed a bit, according to the latest data from LSEG's Refinitiv Lipper team.

Jack Fischer
Refinitiv Lipper
Senior Research Analyst

In the U.S. Weekly FundFlows Insight report for the week ending April 12, 2023 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $28.1 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's seventh week of inflows in a row, up from $24.5 billion last week. Long-term (i.e. non-money market) funds brought in $2.7 billion in net inflows this week, up from $3.3 billion in net outflows.

Money market funds brought in $25.4 billion in net inflows this week, down from $27.8 billion last week. Taxable fixed income funds brought in $2.9 billion in net inflows this week, down from $5.3 billion. And equity funds brought in $53 million in net inflows this week, up from $8.5 billion in net outflows.

On the flip side, tax-exempt fixed income funds suffered $256 million in net outflows this week, up from $92 million last week.

Equity ETFs brought in $5.3 billion in net inflows this week. It was their first week of inflows in three weeks, up from $2.6 billion in net outflows last week.

This week's biggest equity ETF winner was SSGA's SPDR S&P 500 ETF (SPY), with $1.3 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $5.2 billion in net outflows this week. It was their 62nd week of outflows in a row, down from $5.9 billion last week.

Fixed income ETFs brought in $3.3 billion in net inflows this week. It was their eighth week of inflows in a row, down from $6.1 billion last week.

This week's biggest taxable fixed income ETF winner was BlackRock's iShares: iBoxx $Investment Grade Bond ETF (LQD), with $702 million in net inflows.

Municipal bond ETFs suffered $136 million in net outflows this week. It was their second week of outflows in three weeks, down from $305 million in net inflows last week.

Conventional taxable fixed income funds suffered $418 million in net outflows this week. It was their eighth week of outflows in a row, down from $855 million last week.

Conventional muni bond funds suffered $220 million in net outflows this week. It was their eighth week of outflows in a row, down from $397 million last week.

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