MutualFundWire.com: Inflows Plunge By $30.1B

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Friday, August 27, 2021

Inflows Plunge By $30.1B

Inflows plummeted by 91 percent this week, with drops across most categories, according to the latest data from the Lipper team at Refinitiv.

Jack Fischer
Refinitiv Lipper
Senior Research Analyst

In the U.S. Weekly FundFlows Insight Report for the week ending August 25, Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $2.9 billion net flowed into mutual funds and ETFs in the U.S. this week. Though that's the industry's fifth week in a row of inflows, it's down from $33 billion in net inflows last week.

Equity funds drove the plunge, thanks to $6.4 billion in net outflows this week, down from $13.9 billion in net inflows last week. Money market funds brought in $738 million in net inflows this week (down from $11.3 billion), while fixed income funds brought in $8.6 billion (up from $7.7 billion).

Equity ETFs suffered $2.9 billion in net outflows this week, their first week of outflows in the past four weeks and a drop from $14.1 billion in net inflows last week. Conventional (i.e. non-ETF) equity funds suffered $3.5 billion in net outflows this week: it was their 21st week of outflows in the past 23 weeks, and it was up from $214 million last week.

Within conventional equity funds, domestic equity funds suffered $3.8 billion in net outflows this week (their 61st week of outflows in 63 weeks, up from $2 billion). International funds brought in $456 million in net inflows (their eighth week in a row of inflows, down from $1.8 billion).

On the fixed income side, ETFs brought in $3.5 billion in net inflows this week, their fifth week in a row of inflows and up from $2.6 billion last week. Conventional fixed income funds brought in $3.2 billion in net inflows, their third week of inflows in a row but down from $5.2 billion last week.

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