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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