Industry inflows plunged sixty-two-fold this week, thanks to inflows drops in equity funds and taxable bond funds and outflows from money funds, according to the latest data from the Lipper
team at Refinitiv
| Jack Fischer|
Senior Research Analyst
In the U.S. Weekly FundFlowsInsight
report for the week ending November 3 (i.e. Wednesday), Jack Fischer
, senior research analyst at Refinitiv Lipper, reveals that $991 million net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's third week of net inflows in a row, down from $61.9 billion in net inflows last week
Money market funds suffered $5 billion in net outflows this week, their fourth week of outflows in the past five weeks and down from $42.5 billion in net inflows last week. Taxable bond funds brought in $3.2 billion in net inflow this week, down from $4.2 billion. Equity funds brought in $2.1 billion in net inflows, down from $15.1 billion. And tax-exempt bond funds brought in $991 million in net inflows, up from $397 million.
Equity ETFs brought in $8 billion in net inflows this week, their fifth week in a row of net inflows, down from $19.5 billion last week. Conventional (i.e. non-ETF) equity funds suffered another $5.9 billion in net outflows this week; it was their 18th week of outflows in 19 weeks, up from $4.4 billion.
Within conventional equity funds, domestic equity funds sufferered $5.7 billion in net outflows this week, their 19th week in a row of net outflows, up from $4.2 billion last week. And conventional non-domestic equity funds suffered 4146 million in net outflows this week, their second week in a row of net outflows, down from $178 million.
On the fixed income side, fixed income ETFs brought in $697 million in net inflows this week, their fourth week in a row of net inflows. Conventional fixed income funds brought in $2.6 billion in net inflows this week, also their fourth week in a row of net inflows.
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