MutualFundWire.com: Long-Term Funds Net $3.7B

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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.

Jack Fischer
Refinitiv Lipper
Senior Research Analyst

In the U.S. Weekly FundFlows Insight Report for the week ending May 25, 2022 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $45.8 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's first week of inflows in four weeks, up from $30.9 billion in net outflows last week. Long-term funds and ETFs brought in $3.7 billion in net inflows this week, up from $10.3 billion in net outflows.

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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