MutualFundWire.com: Inflows Plunge 14-Fold to $2.1B

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Friday, August 6, 2021

Inflows Plunge 14-Fold to $2.1B

Inflows plunged across the board this week, with most broad mutual fund and ETF categories seeing big drops, according to the latest data from the Lipper team at Refinitiv.

Tom Roseen
Refinitiv Lipper
Head of Research Services

In the U.S. Weekly FundFlows Insight Report for the week ended August 4, Tom Roseen, head of research services at Refinitiv Lipper, reveals that $2.1 billion net flowed into mutual funds and ETFs in the U.S. this week (a second week of inflows in a row, down from $29 billion last week).

Equity fund inflows fell to $2 billion (from $8.2 billion), and fixed income fund inflows fell to $1.5 billion (from $5.3 billion). Money market flows turned negative, with the funds suffering $1.4 billion in net outflows (down from $15.4 billion in net inflows).

On the equity side, equity ETFs brought in $2.8 billion in net inflows, their second week of inflows in a row (but down from $9.4 billion last week). Conventional equity funds suffered $814 million in net outflows, their sixth week of outflows in a row (and up from $715 million). Conventional domestic equity funds suffered $4.3 billion in net outflows (also their sixth week in a row, up from $1.4 billion). Yet non-domestic equities bucked the trend, bringing in $3.5 billion in net inflows, their fifth week of inflows in a row and up from $865 million last week.

As for fixed income, bond ETFs brought in $616 million in net inflows (their ninth week of inflows in the past 11 but down from $2.2 billion last week). Conventional fixed income funds brought in $926 million in net inflows (their 16th week of inflows in the past 18 but down from $1.7 billion).

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