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Friday, May 27, 2022|
Long-Term Funds Net $3.7B
Money market and long-term fund inflows both returned this week, according to the latest data from the Lipper team at Refinitiv.
Money market funds brought in $42.1 billion in net inflows this week, up from $20.6 billion in net outflows last week. And equity funds brought in $5.2 billion in net inflows, up from $3.2 billion in net outflows.
On the flip side, tax-exempt bond funds suffered $1 billion in net outflows this week, down from $2.7 billion. And taxable bond funds suffered $527 million in net outflows this week, down from $4.4 billion.
Equity ETFs brought in $13.8 billion in net inflows this week, their fourth week of inflows in a row, up from $5.4 billion last week. The biggest equity ETF winner this week was SSGA's SPDR S&P 500 ETF (SPY) with $6.9 billion in net inflows.
Conventional (i.e. non-ETF) equity funds suffered $8.6 billion in net outflows this week, their 16th week of outflows in a row, level with last week's flows.
On the fixed income side, ETFs brought in $7 billion in net inflows, their sixth week of inflows in a row. The biggest taxable fixed income ETF winner this week was BlackRock's iShares: 20+ Treasury Bond ETF (TLT), with $1.5 billion in net inflows.
Conventional taxable fixed income funds suffered $7.6 billion in net outflows this week, their 18th week of outflows in a row, down from $10.4 billion last week. And conventional municipal bond funds suffered $2.8 billion in net outflows this week, their 20th week of outflows in a row, down from $3.4 billion.
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