MutualFundWire.com: Money Market Funds Drive Inflows Above $50B

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Friday, September 24, 2021

Money Market Funds Drive Inflows Above $50B

Industry fund flows swung back into positive territory this week, thanks largely to a massive flows reversal back into money market funds, according to the latest data from the Lipper team at Refinitiv.

Tom Roseen
Refinitiv Lipper
Head of Research Services

In the U.S. Weekly FundFlowsInsight report for the week ending September 22, Tom Roseen, head of research services at Refinitiv Lipper, reveals that $50.4 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's second week of net inflows in the past three weeks, and it's up from $33.1 billion in net outflows last week.

Money market funds took the lead this week, thanks to $49.6 billion in net inflows, up from $45.3 billion in net outflows last week. Fixed income funds brought in $7.5 billion in net inflows, up from $6.3 billion. And equity funds suffered $6.7 billion in net outflows, down from $5.9 billion in net inflows.

Equity ETFs suffered $6.1 billion in net outflows this week, their first week of net outflows in the past four weeks and down from $10.1 billion in net inflows last week. Conventional (i.e. non-ETF) equity funds suffered $616 million in net outflows this week: it was their 13th week in a row of net outflows, down from $4.2 billion last week.

Within conventional equity funds, domestic equity funds suffered $664 million in net outflows this week, their 13th week in a row of net outflows but down from $4.5 billion last week. Conventional non-domestic equity funds brought in $48 million in net inflows this week, their third week of inflows in a row and down from $284 million last week.

On the fixed income side, ETFs brought in $3 billion in net inflows this week, their ninth week in a row of inflows and up from $1.5 billion. Conventional fixed income funds brought in $4.5 billion in net inflows this week, their seventh week of inflows in a row and up from $3.5 billion.

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