Fixed income drove the return of industry outflows this week, though outflows from stock funds fell, according to the latest data from the Lipper
team at Refinitiv
| Jack Fischer|
Senior Research Analyst
In the U.S. Weekly FundFlows Insight
for the week ending May 4, 2022 (i.e. Wednesday), Jack Fischer
, senior research analyst at Refinitiv Lipper, reveals that $11.5 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's fourth week of outflows in five weeks, down from $28.4 billion in net inflows last week
. Long-term funds and ETFs suffered $12.5 billion in net outflows this week, up from $11.6 billion.
Money market funds brought in $966 million in net inflows this week, down from $40 billion last week. On the flip side, taxable bond funds suffered $7.5 billion in net outflows this week (down from $19 million in net inflows), tax-exempt bond funds suffered $2.7 billion in net outflows (down from $2.9 billion), and equity funds suffered $2.3 billion in net outflows (down from $8.8 billion).
Equity ETFs brought in $2.3 billion in net inflows this week, their first week of inflows in four weeks, up from $1.2 billion in net outflows last week. (The biggest equity ETF winner this week was the Schwab Fundamental U.S. Large Company Index ETF
, i.e. FNDX, with $1.2 billion in net inflows). Yet conventional (i.e. non-ETF) equity funds suffered $4.6 billion in net outflows this week, their 13th week in a row of outflows, down from $7.6 billion last week.
On the fixed income side, ETFs brought in $885 million in net inflows this week, their third week of inflows in a row. (The biggest taxable fixed income ETF winners was the Schwab Intermediate-Term U.S. Treasury ETF
, i.e. SCHR, which brought in $2.1 billion in net inflows.) Yet conventional fixed income funds suffered $8.4 billion in net outflows this week, their 15th week of outflows in a row.
Editor's Note: A prior version of this story gave the wrong title for Jack Fischer. To clarify Fischer serves as senior research analyst at Refinitiv Lipper.
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