Inflows plummeted by 91 percent this week, with drops across most categories, 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 ending August 25, Jack Fischer
, senior research analyst at Refinitiv Lipper, reveals that $2.9 billion net flowed into mutual funds and ETFs in the U.S. this week. Though that's the industry's fifth week in a row of inflows, it's down from $33 billion in net inflows last week
Equity funds drove the plunge, thanks to $6.4 billion in net outflows this week, down from $13.9 billion in net inflows last week. Money market funds brought in $738 million in net inflows this week (down from $11.3 billion), while fixed income funds brought in $8.6 billion (up from $7.7 billion).
Equity ETFs suffered $2.9 billion in net outflows this week, their first week of outflows in the past four weeks and a drop from $14.1 billion in net inflows last week. Conventional (i.e. non-ETF) equity funds suffered $3.5 billion in net outflows this week: it was their 21st week of outflows in the past 23 weeks, and it was up from $214 million last week.
Within conventional equity funds, domestic equity funds suffered $3.8 billion in net outflows this week (their 61st week of outflows in 63 weeks, up from $2 billion). International funds brought in $456 million in net inflows (their eighth week in a row of inflows, down from $1.8 billion).
On the fixed income side, ETFs brought in $3.5 billion in net inflows this week, their fifth week in a row of inflows and up from $2.6 billion last week. Conventional fixed income funds brought in $3.2 billion in net inflows, their third week of inflows in a row but down from $5.2 billion last week.
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