Industry fund flows swung back into positive territory this week, thanks largely to a massive flows reversal back into money market funds, according to the latest data from the Lipper
team at Refinitiv
| Tom Roseen|
Head of Research Services
In the U.S. Weekly FundFlowsInsight
report for the week ending September 22, Tom Roseen
, head of research services at Refinitiv Lipper, reveals that $50.4 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's second week of net inflows in the past three weeks, and it's up from $33.1 billion in net outflows last week
Money market funds took the lead this week, thanks to $49.6 billion in net inflows, up from $45.3 billion in net outflows last week. Fixed income funds brought in $7.5 billion in net inflows, up from $6.3 billion. And equity funds suffered $6.7 billion in net outflows, down from $5.9 billion in net inflows.
Equity ETFs suffered $6.1 billion in net outflows this week, their first week of net outflows in the past four weeks and down from $10.1 billion in net inflows last week. Conventional (i.e. non-ETF) equity funds suffered $616 million in net outflows this week: it was their 13th week in a row of net outflows, down from $4.2 billion last week.
Within conventional equity funds, domestic equity funds suffered $664 million in net outflows this week, their 13th week in a row of net outflows but down from $4.5 billion last week. Conventional non-domestic equity funds brought in $48 million in net inflows this week, their third week of inflows in a row and down from $284 million last week.
On the fixed income side, ETFs brought in $3 billion in net inflows this week, their ninth week in a row of inflows and up from $1.5 billion. Conventional fixed income funds brought in $4.5 billion in net inflows this week, their seventh week of inflows in a row and up from $3.5 billion.
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