MutualFundWire.com: Stock Fund Flows Rebound By $5.5B

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Friday, July 28, 2023

Stock Fund Flows Rebound By $5.5B

Stock fund flows rebounded by $5.5 billion this week, as money fund inflows spiked and bond fund flows slipped, according to the latest data from the LSEG Lipper team.

Tom Roseen
LSEG Lipper
Head of Research Services

In the U.S. Weekly FundFlows Insight report for the week ending July 26, 2023 (i.e. Wednesday), Tom Roseen, head of research services at LSEG Lipper, reveals that $35.2 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's second week of inflows in a row, up from $2.9 billion last week. Long-term funds (i.e. non-money market funds) brought in $6.7 billion in net inflows this week, up from $1.998 billion.

Money market funds took the lead this week, bringing in $28.8 billion in net inflows, up from $902 million last week. Equity funds brought in $3.2 billion in net inflows (up from $2.3 billion in net outflows), taxable fixed income funds brought in $2.9 billion in net inflows this week (down from $3.2 billion), and tax-exempt bond funds brought in $552 million in net inflows this week (down from $1 billion).

Equity ETFs brought in $10.3 billion in net inflows this week. It was their fifth week of inflows in a row, up from $5.5 billion last week.

Domestic equity ETFs brought in $9.2 billion in net inflows this week, their fifth week of inflows in a row. And non-domestic equity ETFs brought in $1.1 billion in net inflows, their fourth week of inflows in a row.

This week's biggest equity ETF winner, for the second week in a row, was BlackRock's iShares Core S&P 500 ETF (IVV). The fund brought in $3.7 billion in net inflows, up from $2.9 billion last week.

Conventional (i.e. non-ETF) equity funds suffered $7 billion in net outflows this week. It was their 77th week of outflows in a row, down from $7.8 billion last week.

Conventional domestic equity funds suffered $5.7 billion in net outflows this week, their 30th week of outflows in a row. And conventional non-domestic equity funds suffered $1.3 billion in net outflows, their 23rd week of outflows in a row.

Taxable fixed income ETFs brought in $2.2 billion in net inflows this week. It was their fourth week of inflows in a row, up from $3.2 billion last week.

This week's biggest taxable fixed income ETF winner was BlackRock's iShares 20+ Year Treasury Bond ETF (TLT). The fund brought in $3.126 billion in net inflows this week.

Municipal bond ETFs brought in $250 million in net inflows this week. It was their second week of inflows in a row, down from $1.2 billion last week.

This week's biggest muni bond ETF winner was BlackRock's iShares National Muni Bond ETF (MUB). The fund brought in $129 million in net inflows this week.

Conventional taxable fixed income funds brought in $677 million in net inflows this week. It was their fourth week of inflows in a row, up from $82 million last week.

Conventional muni bond funds brought in $302 million in net inflows. It was their first week of inflows in five weeks, up from $144 million in net outflows last week.

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