MutualFundWire.com: $20.1B of Outflows Here Drowns Out Inflows Most Everywhere Else

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Friday, September 3, 2021

$20.1B of Outflows Here Drowns Out Inflows Most Everywhere Else

Industry fund flows fell into negative territory this week, despite continued fixed income inflows and a big return of equity fund 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 September 1, Tom Roseen, head of research services at Refinitiv Lipper, reveals that $1.1 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 six weeks, down from $2.9 billion in net inflows last week.

Money market funds drove the result, thanks to $20.1 billion in net outflows this week, down from $738 million in net inflows last week. Equity funds brought in $12.7 billion in net inflows this week (up from $6.4 billion in net outflows), while fixed income funds brought in $6.3 billion (down from $8.6 billion).

Equity ETFs brought in $19.2 billion in net inflows this week, their fifth week of net inflows in the past six weeks, their largest weekly inflows since February 10, and a jump from $2.9 billion in net outflows last week. Conventional (i.e. non-ETF) equity funds suffered $6.5 billion in net outflows this week: it was their 10th week in a row of net outflows, and it was up from $3.5 billion last week.

Within conventional equity funds, domestic equity funds suffered $5.7 billion in net outflows this week (their 10th week in a row of net outflows, up from $3.8 billion last week). International funds suffered $754 million in net outflows this week, their first week of outflows in the last nine weeks and a drop from $456 million in net inflows.

On the fixed income side, ETFs brought in $1.8 billion in net inflows this week, their sixth week in a row of inflows but a drop from $3.5 billion last week. Conventional fixed income funds brought in $4.5 billion in net inflows, their fourth week of inflows in a row and a jump from $3.2 billion last week.

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