Industry flows rebounded by more than $37 billion this week, thanks largely to the return of equity fund inflows and the collapse of money fund outflows, according to the latest data from the
Lipper team at
Refinitiv.
| Jack Fischer Refinitiv Lipper Senior Research Analyst | |
In the
U.S. Weekly FundFlows Insight report for the week ending March 23, 2022 (i.e. Wednesday),
Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $9.2 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 three weeks, up from $28.1 billion in net outflows
last week. Long-term (i.e. non-money market) funds and ETFs brought in $12.1 billion in net inflows this week, up from $9 billion in net outflows last week.
Equity funds led the way with $11.3 billion in net inflows this week, up from $3.1 billion in net outflows last week. Taxable bond funds brought in $2.3 billion in net inflows this week, up from $3.8 billion in net outflows.
On the flip side, money market funds suffered $2.9 billion in net outflows this week, down from $19.1 billion last week. And tax-exempt bond funds suffered $1.5 billion in net outflows this week, down from $2.1 billion.
Equity ETFs brought in $12.8 billion in net inflows this week, their seventh week in a row of inflows, up from $3.2 billion last week. Domestic equity ETFs brought in $11.4 billion this week (also their seventh week of inflows in a row), while nondomestic equity ETFs brought in $1.4 billion (their first week of inflows in three weeks).
Yet conventional (i.e. non-ETF) equity funds suffered $1.5 billion in net outflows this week, their seventh week of outflows in a row, down from $6.3 billion last week. Conventional domestic equity funds suffered $966 million in net outflows this week (also their seventh week of outflows in a row), while conventional nondomestic equity funds suffered $528 million in net outflows (their fourth week of outflows in a row).
On the fixed income side, taxable bond ETFs brought in $5.2 billion in net inflows this week, their fifth week of inflows in a row. Municipal bond ETFs brought in $127 million in net inflows this week, their third week of inflows in a row.
Yet conventional taxable bond funds suffered $2.8 billion in net outflows this week, their ninth week of outflows in a row. And conventional muni bond funds suffered $1.6 billion in net outflows this week, their 11th week of outflows in a row. 
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