A spike in money fund outflows helped drive industry outflows up nearly three-fold this week, according to the latest data from the Lipper
team at Refinitiv
| Jack Fischer|
Senior Research Analyst
In the U.S. Weekly FundFlows Insight
report for the week ending January 19, 2022 (i.e. Wednesday), Jack Fischer
, senior research analyst at Refinitiv Lipper, reveals that $61.2 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's second week in a row of net outflows, up from $21.2 billion last week
Money market funds dominated the picture with $58.2 billion in net outflows this week, up from $29.9 billion last week. Yet the three other big categories suffered, too: $2.4 billion flowed out of equity funds this week (dowm from $9.9 billion in net inflows last week), $371 million flowed out of taxable bond funds (down from $1.4 billion), and $239 million flowed out of tax-exempt bond funds (down from $231 million in net inflows).
Equity ETFs suffered $4 billion in net outflows this week, their first week of net outflows in four weeks, down from $13.3 billion in net inflows last week. Yet conventional (i.e. non-ETF) equity funds brought in $1.6 billion in net inflows thisweek; it was their third week of inflows in the past five weeks, up from $3.4 billion in net outflows last week.
On the fixed income side, ETFs suffered $1.8 billion in net outflows this week, their week in a row of net outflows. Yet conventional fixed income funds brought in $1.4 billion in net inflows, their fourth week in a row of net inflows.
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