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Friday, July 02, 2021

ETF Inflows Spike As Money Fund Outflows Plummet

Reported by Neil Anderson, Managing Editor

Inflows into ETFs more than quadrupled this week, even as money funds' net outflows fell 41 percent and equity and fixed income mutual funds' flows swung negative, according to the latest data from the Lipper team at Refinitiv.

Jack Fischer
Refinitiv Lipper
Senior Research Analyst
In the U.S. Weekly FundFlows Insight Report for the week ended June 30, Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $3.3 billion net flowed out of mutual funds and ETFs in the U.S. in the past week (down from $15.4 billion in the prior week). Money market funds were the "main driver yet again" of outflows, Fischer notes, thanks to $17.5 billion in net outflows (down week over week from $29.9 billion).

Equity funds brought in $6 billion in net inflows this week (down W/W from $10 billion). Equity ETFs brought in $10.4 billion in net inflows (up W/W from $2.84 billion). On the flip side, conventional equity funds suffered $4.4 billion in net outflows (down W/W from $12.8 billion in net inflows, which was their only week of inflows in the past 13 weeks); that includes $3 billion in net domestic equity fund outflows (their 53rd week of outflows in 55 weeks, down from $11 billion in net inflows) and $1.4 billion in net international equity fund outflows (their largest outflows in nine weeks, down W/w from $1.8 billion in net inflows).

On the fixed income side, ETFs brought in $7.6 billion in net inflows this week (their third inflows week in the past four and up W/W from $1.1 billion). Conventional fixed income funds suffered $271 million in net outflows (their first outflows in six weeks, down W/W from $1.6 billion in net inflows). 

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