Equity funds, fixed income funds, and money market funds all saw billions in inflows this week as overall industry inflows dwarfed last week's outflows by a factor of six, according to the latest data from the Lipper
team at Refinitiv
| Jack Fischer|
Senior Research Analyst
In the U.S. Weekly FundFlows Insight Report
for the week ended July 28, Jack Fischer
, senior research analyst at Refinitiv Lipper, reveals that $29 billion net flowed into mutual funds and ETFs in the U.S. this week (up from $4.9 billion in net outflows last week
). He notes that this was the industry's first week of net inflows in seven weeks.
Money market funds were the biggest winners, netting $15.4 billion in inflows this week, up from $1.9 billion last week. Equity funds brought in $8.2 billion in net inflows (up from $8.8 billion in net outflows last week), while fixed income funds brought in $5.3 billion in net inflows (up from $2 billion.
On the equity side, ETFs brought in $9.4 billion in net inflows this week (their second week of net inflows in the last three weeks and up from $5.6 billion in net outflows last week). Conventional equity funds, meanwhile, suffered $715 million in net outflows (their 15th week in 16 of net outflows, down from $3.2 billion last week). Conventional domestic equity funds suffered $1.4 billion in net outflows (their 57th week in 59 of net outflows, down from $4.3 billion last week), while conventional international equity funds brought in $865 million in net inflows (down from $1.1 billion).
As for bond funds, ETFs brought in $2.2 billion in net inflows this week for their eight week in ten of net inflows. Conventional fixed income funds brought in $1.7 billion in net inflows, their 15th week of inflows in the past 17 weeks.
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