Net flows into money funds and stock funds improved by a combined $55.7 billion this week, even as the flows picture for bond funds soured a bit, according to the latest data from LSEG's Refinitiv Lipper team.

Jack Fischer Refinitiv Lipper Senior Research Analyst

In the U.S. Weekly FundFlows Insight report for the week ending September 21, 2022 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $18.9 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's first week of inflows in four weeks, up from $26.1 billion in net outflows last week. Long-term (i.e. non-money market) funds and ETFs suffered $11.1 billion in net outflows this week, up from $10.8 billion.

Money market funds brought in $30 billion in net inflows this week, up from $15.3 billion in net outflows last week. On the flip side, taxable bond funds suffered $6.8 billion in net outflows this week (down from $3.4 billion in net inflows), equity funds suffered $2.3 billion in net outflows (down from $12.7 billion), and tax-exempt bond funds suffered $2 billion in net outflows (up from $1.4 billion).

Equity ETFs brought in $1.1 billion in net inflows this week. It was their first week of inflows in four weeks, up from $5.9 billion in net outflows last week. This week's biggest equity ETF winner was SSGA's SPDR S&P 500 ETF (SPY), with $4 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $3.3 billion in net outflows this week. It was their 33rd week of outflows in a row, down from $6.8 billion last week.

Fixed income ETFs suffered $499 million in net outflows this week. It was their first week of outflows in four weeks, down from $7.2 billion in net inflows last week. This week's biggest taxable fixed income ETF winner was SSGA's SPDR Bloomberg 1-3 Months T-Bill EETF (BIL), with $897 million in net inflows.

Municipal bond ETFs suffered $9 million in net outflows this week. It was their seventh week of outflows in a row, up from $4 million last week.

Conventional taxable fixed income funds suffered $6.3 billion in net outflows this week. It was their fifth week of outflows in a row, up from $3.8 million last week.

Conventional muni bond funds suffered $2 billion in net outflows this week. It was their sixth week of outflows in seven weeks, up from $1.4 billion last week. And, Fischer notes, conventional muni bond funds have still only had five weeks of net inflows so far in 2022. 

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