Industry flows swung to the negative this week, thanks to rough flows for money funds and bond funds, according to the latest data from the Lipper team at Refinitiv.

Tom Roseen Refinitiv Lipper Head of Research Services

In the U.S. Weekly FundFlowsInsight report for the weed ending October 6 (i.e. Wednesday), Tom Roseen, head of research services at Refinitiv Lipper, reveals that $12.5 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's first week of net outflows in the past three weeks, a drop from $25.9 billion in net outflows last week.

Money market funds drove the overall results again this week, thanks to $14 billion in net outflows, their first week of net outflows in three weeks and a drop from $33.9 billion in net inflows last week. Taxable bond funds also suffered net outflows this week, of $3.4 billion, down from $3.2 billion in net inflows. On the flip side, equity funds brought in $4.9 billion in net inflows this week, up from $9.6 billion in net outflows last week. And tax-exempt bond funds brought in $39 million in net inflows, down from $408 million.

Equity ETFs brought in $4.5 billion in net inflows this week, their first week of inflows in three weeks and an increase from $3.3 billion in net outflows last week. Conventional (i.e. non-ETF) equity funds brought in $412 million in net inflows this week: it was their first week of inflows in 15 weeks, up from $6 billion in net outflows last week.

Within conventional equity funds, domestic equity funds suffered $4 billion in net outflows this week, their 15th week of outflows in a row but down from $6 billion last week. Conventional non-domestic equity funds brought in $4.3 billion in net inflows this week, their fourth week of inflows in five weeks and an increase from $1.1 billion in net outflows last week.

On the fixed income side, taxable fixed ETFs suffered $2.7 billion in net outflows this week, their first week of outflows in 11 weeks. Muni bond ETFs brought in $144 million in net inflows, their 32nd week of inflows in a row.

Conventional taxable bond funds suffered $669 million in net outflows this week, their first outflows in nine weeks. And conventional muni bond funds suffered $107 million in net outflows, their first outflows in 27 weeks. 

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