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Friday, October 15, 2021

Outflows Fall 86 Percent

Reported by Neil Anderson, Managing Editor

Industry outflows fell 86 percent this week, thanks largely to a big drop in money fund outflows, according to the latest data from the Lipper team at Refinitiv.

Jack Fischer
Refinitiv Lipper
Senior Research Analyst
In the U.S. Weekly FundFlowsInsight report for the week ending October 13 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $1.7 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's second week of net outflows in a row, a drop from $12.5 billion in net outflows last week.

Money market funds suffered $5.6 billion in net outflows this week, their second week in a row of net outflows but a drop from $14 billion last week. On the flip side, equity funds brought in $1.7 billion in net inflows, down from $4.9 billion last week. Taxable bond funds also brought in $1.7 billion this week, up from $3.4 billion in net outflows. And tax-exempt bond funds brought in $461 million in net inflows this week, up from $39 million.

Equity ETFs brought in $4.5 billion for the second week in a row this week. Conventional (i.e. non-ETF) equity funds suffered $2.9 billion in net outflows: it was their 15th week of outflows in the past 16 weeks, down from $412 million in net inflows last week.

Within conventional equity funds, domestic equity funds suffered $2.8 billion in net outflows this week, their 16th week in a row of net outflows but down from $4 billion last week. Conventional non-domestic equity funds suffered $115 million in net outflows this week, their second week in three of net outflows and down from $4.3 billion in net inflows last week.

On the fixed income side, ETFs brought in $1 billion in net inflows this week, their 11th week in 12 of net inflows. Conventional funds brought in $711 million in inflows, their ninth week in ten of net inflows. 

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