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Friday, November 17, 2023 Equity Fund Inflows Jump By $7B Inflows into stock funds more than tripled last week, as industry inflows improved by more than $15 billion, according to the latest data from the LSEG Lipper team.
Money market funds led the way with $14.8 billion in net inflows this week, up W/W from $3.9 billion. Equity funds brought in $10 billion in net inflows this week (up W/W from $3 billion), taxable fixed income funds brought in $4.7 billion, alternatives funds brought in $377 million (up W/W from $262 million), and commodities funds brought in $202 million (down W/W from $453 million). On the flip side, mixed assets funds suffered $439 million in net outflows this week, down W/W from $573 million. And tax-exempt fixed income funds suffered $235 million in net outflows. Equity ETFs brought in $15.9 billion in net inflows this week. It was their seventh consecutive week of inflows, up W/W from $8.8 billion. This week's biggest equity ETF winner was the Invesco QQQ Trust Series 1 (QQQ). The fund brought in $4.5 billion in net inflows. Conventional (i.e. non-ETF) equity funds suffered $6 billion in net outflows this week. It was their 94rd week running of net outflows, up W/W from $4.58 billion. Taxable fixed income ETFs brought in $6.7 billion in net inflows this week. It was their 10th week of outflows in a row, down W/W/ from $8.8 billion. This week's biggest taxable fixed income ETF winner was SSGA's SPDR Bloomberg High Yield Bond ETF (JNK). The fund brought in $1.8 billion in net inflows. Conventioanl taxable fixed income funds suffered $2 billion in net outflows this week. It was their 10th consecutive week of outflows, up W/W from $1.6 billion. Municipal bond ETFs brought in $712 million in net inflows this week. It was their week running of inflows, down W/W from $1 billion. Conventional muni bond funds suffered $947 million in net outflows this week. It was their 15th week of outflows in a row, down W/W from $1.2 billion. Printed from: MFWire.com/story.asp?s=66706 Copyright 2023, InvestmentWires, Inc. All Rights Reserved |