MutualFundWire.com: Long-Term Flows Rebound By $10B

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Friday, May 26, 2023

Long-Term Flows Rebound By $10B

Industry long-term fund flows rebounded by nearly $10 billion this week, and money fund inflows more than quadrupled, according to the latest data from the LSEG Lipper team.

Jack Fischer
LSEG Lipper
Senior Research Analyst

In the U.S. Weekly FundFlows Insight Report for the week ending May 24, 2023 (i.e. Wednesday), Jack Fischer, senior research analyst at LSEG Lipper (fka Refinitiv Lipper), reveals that $47.2 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's fifth week of inflows in a row, up from $4.6 billion last week). Long-term funds (i.e. non-money market funds) brought in $4.1 billion in net inflows this week, up from $5.8 billion in net outflows.

Money market funds dominated flows again this week, bringing in $43.1 billion in net inflows, up from $10.4 billion last week. And taxable bond fund funds brought in $5.5 billion in net inflows this week, up from $1.3 billion.

On the flip side, equity funds suffered $513 million in net outflows this week, down from $7 billion last week. And tax-exempt bond funds suffered $847 million in net outflows this week, up from $187 million.

Equity ETFs brought in $7.2 billion in net inflows this week. It was their fifth week of inflows in seven weeks, up from $3.4 billion in net outflows last week.

This week's biggest equity ETF winner, for the third week in a row, was SSGA's SPDR S&P 500 ETF (SPY). The fund brought in $2.1 billion in net inflows this week, down from $2.5 billion last week.

Conventional (i.e. non-ETF) equity funds suffered $7.7 billion in net outflows this week. It was their 68th week of outflows in a row, up from $3.7 billion last week.

Fixed income ETFs brought in $5.7 billion in net inflows this week. It was their third week of inflows in a row.

This week's biggest taxable bond ETF winner was BlackRock's iShares: 20+ Treasury Bond ETF (TLT). The fund brought in $1.7 billion in net inflows.

Municipal bond ETFs suffered $1 million in net outflows this week. It was their third week of outflows in four weeks, down from $115 million last week.

Conventional taxable bond funds suffered $264 million in net outflows this week. It was their 14th week of outflows in a row, down from $1.1 billion last week.

Conventional muni bond funds suffered $847 million in net outflows this week. It was their 14th week of outflows in a row, up from $72 million last week.

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