MutualFundWire.com: Inflows Return as Equity Flows Jump Sixfold

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Friday, October 22, 2021

Inflows Return as Equity Flows Jump Sixfold

Industry inflows returned this week, driven by big jumps in inflows into equity and taxable bond 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 October 20 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $11.6 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's first week of net inflows in three weeks, up from $1.7 billion in net outflows last week.

Money market funds suffered $7.9 billion in net outflows this week, their third week in a row of net outflows and an increase from $5.6 billion last week. On the flip side, equity funds brought in $10.9 billion in net inflows, up from $1.7 billion. Taxable bond funds brought in $8.3 billion this week, up from $1.7 billion. And tax-exempt bond funds brought in $177 million in net inflows this week, down from $461 million.

Equity ETFs brought in $11.7 billion in net inflows this week, their third week in a row of net inflows, up from $4.5 billion last week. Conventional (i.e. non-ETF) equity funds suffered $772 million in net outflows: it was their 16th week of outflows in the past 17 weeks, down from $2.9 billion.

Within conventional equity funds, domestic equity funds suffered $1.3 billion in net outflows this week, their 17th week in a row of net outflows, down from $2.8 billion last week. Conventional non-domestic equity funds brought in $536 million in net inflows this week, their second week in three of net inflows, up from $115 million in net outflows.

On the fixed income side, ETFs brought in $5 billion in net inflows this week, their 12th week in 13 of net inflows, up from $1 billion last week. Conventional fixed income funds brought in $3.4 billion in net inflows this week, their 10th week in 11 of net inflows, up from $711 million.

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