Industry outflows increased this week, thanks largely to the return of outflows from stock funds, according to the Lipper
folks at Refinitiv
. And ETFs' inflows paled next to long-term mutual funds' outflows.
| Jack Fischer|
Senior Research Analyst
In the U.S. Weekly FundFlows Insight
report for the week ending March 16, 2022 (i.e. Wednesday), Jack Fischer
, senior research analyst at Refinitiv Lipper, reveals that $28.1 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's second week of net outflows in a row, up from $20.2 billion last week
. Long-term (i.e. non-money market) funds and ETFs suffered $9 billion in net outflows this week, down from $6 billion in net inflows last week.
Money market funds led the way with $19.1 billion in net outflows this week, down from $26.2 billion last week. Taxable bond funds suffered $3.8 billion in net outflows this week (down from $5.8 billion), equity funds suffered $3.1 billion in net outflows (down from $12.5 billion in net inflows), and tax-exempt bond funds suffered $2.1 billion in net outflows (up from $662 million).
Equity ETFs brought in $3.2 billion in net inflows this week, their sixth week in a row of net inflows, down from $18.7 billion. Yet conventional equity funds suffered $6.3 billion in net outflows this week, their sixth week in a row of net outflows, up from $6.2 billion.
On the fixed income side, ETFs brought in $2.3 billion in net inflows this week, their fourth week in a row of net inflows. Yet conventional fixed income funds suffered $6.1 billion in net outflows this week, their eight week in a row of net outflows.
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