MutualFundWire.com: $9B Flows Out of Long-Term Funds

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Friday, March 18, 2022

$9B Flows Out of Long-Term Funds

Industry outflows increased this week, thanks largely to the return of outflows from stock funds, according to the Lipper folks at Refinitiv. And ETFs' inflows paled next to long-term mutual funds' outflows.

Jack Fischer
Refinitiv Lipper
Senior Research Analyst

In the U.S. Weekly FundFlows Insight report for the week ending March 16, 2022 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $28.1 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 a row, up from $20.2 billion last week. Long-term (i.e. non-money market) funds and ETFs suffered $9 billion in net outflows this week, down from $6 billion in net inflows last week.

Money market funds led the way with $19.1 billion in net outflows this week, down from $26.2 billion last week. Taxable bond funds suffered $3.8 billion in net outflows this week (down from $5.8 billion), equity funds suffered $3.1 billion in net outflows (down from $12.5 billion in net inflows), and tax-exempt bond funds suffered $2.1 billion in net outflows (up from $662 million).

Equity ETFs brought in $3.2 billion in net inflows this week, their sixth week in a row of net inflows, down from $18.7 billion. Yet conventional equity funds suffered $6.3 billion in net outflows this week, their sixth week in a row of net outflows, up from $6.2 billion.

On the fixed income side, ETFs brought in $2.3 billion in net inflows this week, their fourth week in a row of net inflows. Yet conventional fixed income funds suffered $6.1 billion in net outflows this week, their eight week in a row of net outflows.

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