Long-term funds' net flows improved by more than $31 billion this week, even as money fund outflows grew more than 18-fold, according to the latest data from the LSEG Lipper team.

Jack Fischer LSEG Lipper Senior Research Analyst

In the U.S. Weekly FundFlows Insight report for the week ending February 14, 2024 (i.e. Wednesday), Jack Fischer, senior research analyst at LSEG Lipper, reveals that $918 million net flowed out of mutual funds and ETFs in the U.S. this week. It was the industry's third week of outflows in four weeks, down week-over-week from $15.7 billion. Long-term (i.e. non-money-market) funds brought in $16.582 billion in net inflows this week, up from $14.745 billion in net outflows last week.

Taxable fixed income funds led the pack with $9 billion in net inflows this week. Equity funds brought in $8 billion in net inflows (up W/W from $17.3 billion in net outflows), and alternatives funds brought in $502 million in net inflows (up W/W from $291 million).

On the flip side, money market funds suffered $17.5 billion in net outflows this week, up W/W from $955 million. Commodities funds suffered $645 million in net outflows (up W/W from $457 million), tax-exempt fixed income funds suffered $142 million in net outflows, and mixed-assets funds suffered $138 million in net outflows (up W/W from $136 million).

Equity ETFs brought in $10.9 billion in net inflows this week. It was their third week of inflows in four weeks, up W/W from $11.6 billion in net outflows.

This week's biggest equity ETF winner was SSGA's SPDR S&P 500 ETF Trust (SPY). The fund brought in $3.8 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $2.8 billion in net outflows this week. It was their 105th consecutive week of outflows, down W/W from $5.8 billion.

Taxable fixed income ETFs brought in $7.2 billion in net inflows this week. It was their eighth week straight of inflows, up W/W from $368 million.

This week's biggest taxable fixed income ETF winner was BlackRock's iShares Bitcoin Trust (IBIT). (It appears that the LSEG Lipper team is categorizing the new spot bitcoin ETPs as taxable fixed income ETFs.) The fund brought in $1.4 billion in net inflows.

Conventional taxable fixed income funds brought in $1.7 billion in net inflows this week. It was their seventh week of inflows running, down W/W from $2.7 billion.

Municipal bond ETFs suffered $471 million in net outflows. It was their fifth week of outflows in seven weeks, up W/W from $423 million.

Conventional muni bond funds brought in $329 million in net inflows this week. It was their seventh week of inflows in a row, up W/W from $322 million. 

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