Industry inflows returned this week, thanks largely to a big reversal in money market funds' net flows, and long-term funds' outflows shrunk by 47 percent.
| Jack Fischer|
Senior Research Analyst
In the U.S. Weekly FundFlows Insight
report for the week ending February 23, 2022 (i.e. Wednesday, the day before Russia invaded Ukraine), Jack Fischer
, senior research analyst at Refinitiv Lipper, reveals that $3.9 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's first week of net inflows in four weeks, up from $46.4 billion in net outflows last week
. Long-term (i.e. non-money market) funds and ETFs suffered $2.4 billion in net outflows this week, down from $4.5 billion.
Money market funds brought in $6.3 billion in net inflows this week, up from $41.9 billion in net outflows last week. Equity funds' inflows slipped to $254 milion this week, down from $4.8 billion. Outflows from bond funds also fell, with taxable bond funds suffering $1.5 billion in net outflows this week (down from $8.1 billion last) and tax-exempt bond funds suffering $1.2 billion in net outflows (down from $1.3 billion).
Equity ETFs brought in $2.9 billion in net inflows this week, their third week of net inflows in a row, down from $5.3 billion last week. Yet conventional (i.e. non-ETF) equity funds suffered $2.7 billion in net outflows this week; it was their third week of outflows in a row, up from $457 million last week.
On the fixed income side, ETFs brought in $1.5 billion in net inflows this week, their second week of inflows in three weeks, up from $4.3 billion in net outflows last week. Yet conventional fixed income funds suffered $3.1 billion in net outflows this week; it was their fifth week of outflows in a row, down from $3.8 billion last week.
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