MutualFundWire.com: Long-Term Fund Outflows Triple to $9.2B, But ...

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Friday, January 28, 2022

Long-Term Fund Outflows Triple to $9.2B, But ...

Outflows from long-term funds jumped three-fold this week, yet those flows were dwarfed by money funds' 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 January 26, 2022 (i.e. Wednesday), Tom Roseen, head of research services at Refinitiv Lipper, reveals that $15.2 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 $61.2 billion in net outflows last week. Yet long-term (i.e. non-money market) funds and ETFs suffered $9.2 billion in net outflows this week, up from $3 billion last week.

Money market funds again dominated the picture, this time with $24.4 billion in net inflows, up from $58.2 billion in net outflows last week. Yet the suffering of the three other big categories rose this week: $4.1 billion flowed out of equity funds (up from $2.4 billion last week), $3.7 billion flowed out of taxable bond funds (up from $371 million), and $1.4 billion flowed out of tax-exempt bond funds (up from $239 million).

Equity ETFs brought in $837 million in net inflows this week, their fourth week of net inflows in five weeks, up from $4 billion in net outflows last week. Yet conventional (i.e. non-ETF) equity funds suffered $5 billion in net outflows this week; it was their third week of net outflows in four weeks, down from $1.6 billion in net inflows last week.

Within conventional equity funds, domestic equity funds suffered $5.5 billion in net outflows this week, their fourth week of net outflows in a row. And nondomestic equity funds brought in $494 million in net inflows, their sixth week in a row of net inflows.

On the fixed income side, taxable fixed income ETFs brought in $623 million in net inflows this week, their first week of inflows in three weeks. Yet municipal bond ETFs suffered $209 million in net outflows this week, their first week of outflows in nine weeks.

Conventional taxable bond funds suffered $4.3 billion in net outflows this week, their first week in five of net outflows. And conventional muni bond funds suffered $1.2 billion in net outflows, their third week in a row of outflows.

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