MutualFundWire.com: Inflows Climb to $33B, Boosted By Equity ETFs

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Friday, August 20, 2021

Inflows Climb to $33B, Boosted By Equity ETFs

Inflows jumped about 34 percent this week, thanks largely to a jump in equity ETF inflows, 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 ending August 18, Tom Roseen, head of research services at Refinitiv Lipper, reveals that $33 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's fourth week in a row of inflows, and it's up from $24.7 billion in net inflows last week.

Equity funds led the way with $13.9 billion in net inflows (up from $4.2 billion last week). Money market funds brought in $11.3 billion in net inflows (up from $10.5 billion), while fixed income funds brought in $7.7 billion (down from $10.1 billion).

Equity ETFs brought in $14.1 billion in net inflows this week, their fourth week in a row of inflows, and more than double their $6 billion from last week, and their highest weekly inflows in about five months. Yet conventional (i.e. non-ETF) equity mutual funds suffered $214 million in net outflows this week: their eighth week of outflows in a row, down from $1.9 billion last week. Within conventional equity funds, domestic funds suffered $2 billion in net outflows (also their eight week of outflows in a row, down from $4 billion last week), while international funds brought in $1.8 billion in net inflows (their seventh week in a row of inflows, down from $2.6 billion last week).

On the fixed income side, ETFs brought in $2.6 billion in net inflows this week, down from $4.9 billion last week. And conventional fixed income funds brought in $5.2 billion in net inflows, up from $3.3 billion in net inflows.

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