Rising equity fund inflows were dwarfed this week by a 14-fold jump in money fund outflows, according to the latest data from the Lipper team at Refinitiv.

Tom Roseen Refinitiv Lipper Head of Research Services

In the U.S. Weekly FundFlows Insight report for the week ending January 12, 2022 (i.e. Wednesday), Tom Roseen, head of research services at Refinitiv Lipper, reveals that $21.1 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's first week of net outflows in the past four weeks, down from $13.4 billion in net inflows last week.

On one side, equity funds led the way with $9.9 billion in net inflows this week, up from $9.2 billion last week. And tax-exempt bond funds brought in $231 million in net inflows this week, down from $841 million. On the flip side, money market funds suffered $29.9 billion in net outflows this week, up from $2.1 billion. And taxable bond funds suffered $1.4 billion in net outflows this week, down from $5.4 billion in net inflows.

Equity ETFs brought in $13.3 billion in net inflows this week, their third week of net inflows in a row, up from $12.6 billion last week. Yet conventional (i.e. non-ETF) equity funds suffered $3.4 billion in net outflows this week; it was their second week in a row of net outflows, down from $3.8 billion.

Within conventional equity funds, domestic equity funds suffered $4.3 billion in net outflows this week, their second week in a row of net outflows. Yet non-domestic equity funds brought in $858 million in net inflows this week for their fourth week of inflows in a row.

On the fixed income side, taxable fixed income ETFs suffered $2.9 billion in net outflows this week, their first week of outflows in four weeks. Yet conventional taxable bond funds brought in $1.6 billion in net inflows, their third week of inflows in a row.

Muni bond ETFs brought in $351 million in net inflows this week, for their seventh week of inflows in a row. Yet conventional muni bond funds suffered $119 million in net outflows, their first week of outflows in six weeks. 

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