Inflows jumped about 34 percent this week, thanks largely to a jump in equity ETF inflows, according to the latest data from the Lipper
team at Refinitiv
| Tom Roseen|
Head of Research Services
In the U.S. Weekly FundFlows Insight Report
for the week ending August 18, Tom Roseen
, head of research services at Refinitiv Lipper, reveals that $33 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's fourth week in a row of inflows, and it's up from $24.7 billion in net inflows last week
Equity funds led the way with $13.9 billion in net inflows (up from $4.2 billion last week). Money market funds brought in $11.3 billion in net inflows (up from $10.5 billion), while fixed income funds brought in $7.7 billion (down from $10.1 billion).
Equity ETFs brought in $14.1 billion in net inflows this week, their fourth week in a row of inflows, and more than double their $6 billion from last week, and their highest weekly inflows in about five months. Yet conventional (i.e. non-ETF) equity mutual funds suffered $214 million in net outflows this week: their eighth week of outflows in a row, down from $1.9 billion last week. Within conventional equity funds, domestic funds suffered $2 billion in net outflows (also their eight week of outflows in a row, down from $4 billion last week), while international funds brought in $1.8 billion in net inflows (their seventh week in a row of inflows, down from $2.6 billion last week).
On the fixed income side, ETFs brought in $2.6 billion in net inflows this week, down from $4.9 billion last week. And conventional fixed income funds brought in $5.2 billion in net inflows, up from $3.3 billion in net inflows.
Stay ahead of the news ... Sign up for our email alerts now