Equity ETFs were the only big category with flows in the black this week, and even their inflows fell by two-thirds, 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 February 16, 2022 (i.e. Wednesday), Jack Fischer
, senior research analyst at Refinitiv Lipper, reveals that $46.4 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's third week of net outflows in a row, up from $16.6 billion last week
. Long-term (i.e. non-money market) funds and ETFs suffered $4.5 billion in net outflows this week, down from $16.8 billion in net inflows.
Money market funds continued to dominate the overall flows picture, this time with $41.9 billion in net outflows, up from $33.4 billion last week. Equity funds' inflows slipped to $4.8 billion this week, down from $15.9 billion. And taxable bond funds and tax-exempt bond funds fell back into negative flows territory this week, suffering $8.1 billion and $1.3 billion in outflows, respectively (down from $655 million and $216 million in inflows, respectively).
Equity ETFs brought in $5.3 billion in net inflows this week, their third week of inflows in four weeks, down from $17.4 billion last week. Yet conventional (i.e. non-ETF) equity funds suffered $457 million in net outflows this week; it was their second week of outflows in a row, down from $1.6 billion last week.
On the fixed income side, ETFs suffered $4.3 billion in net outflows this week, their second week of outflows in three weeks, down from $1.7 billion in net inflows last week. And conventional fixed income funds suffered $3.8 billion in net outflows this week, their fourth week of outflows in a row, up from $1.1 billion last week.
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