MutualFundWire.com: These Outflows Rose Tenfold to $45B

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Friday, September 17, 2021

These Outflows Rose Tenfold to $45B

Industry fund flows plummeted back to negative territory this week, thanks almost entirely to money market mutual funds, according to the latest data from the Lipper team at Refinitiv.

Jack Fischer
Refinitiv Lipper
Senior Research Analyst

In the U.S. Weekly FundFlowsInsight report for the week ending September 15, Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $33.1 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's second week of net outflows in the past three weeks, and it's down from $3.8 billion in net inflows last week.

Fixed income funds led the pack again this week, thanks to $6.3 billion in net inflows, down from $7.1 billion last week. Equity funds brought in $5.91 billion in net inflows (up from $1.1 billion). And money funds suffered $45.3 billion in net outflows this week, up from $4.4 billion last week. (This week was money funds' third week in a row of net outflows, their 15th largest weekly outflows ever and their largest since last December.)

Equity ETFs brought in $10.1 billion in net inflows this week, their week of inflows in a row and up from $3.8 billion last week. Conventional (i.e. non-ETF) equity funds suffered $4.2 billion in net outflows this week; it was their 23rd week in 24 of net outflows, and it was up from $2.8 billion last week.

Withi conventional equity funds, domestic equity funds suffered $4.5 billion in net outflows this week, their 12th week in a row of net outflows and up from $3.1 billion last week. Conventional non-domestic equity funds brought in $284 million in net inflows this week, their 10th week of inflows in the past 11 weeks but down from $367 million last week.

On the fixed income side, ETFs brought in $1.5 billion in net inflows this week (their 8th week of inflows in a row), down from $1.9 billion last week. Conventional fixed income funds brought in $3.5 billion in net inflows (their sixth week of inflows in a row), down from $5 billion.

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