MutualFundWire.com: A $55B Swing In a Week

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Friday, June 3, 2022

A $55B Swing In a Week

As industry flows swung negative this week, one category in particular saw a $54.5-billion flows drop, 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 June 1, 2022 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $3.6 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's fourth week of outflows in five weeks, down from $45.8 billion in net inflows last week. Yet long-term funds and ETFs brought in $8.9 billion in net inflows this week, up from $3.7 billion.

Money market funds suffered $12.4 billion in net outflows this week. That's down from $42.1 billion in net inflows last week.

On the flip side, equity funds brought in $7.4 billion in net inflows this week (up from $5.2 billion last week), tax-exempt bond funds brought in $1.2 billion in net inflows (up from $1 billion in net outflows), and taxable bond funds brought in $262 million in net inflows (up from $527 million in net outflows).

Equity ETFs brought in $11.9 billion in net inflows this week, their fifth week of inflows in a row, down from $13.8 billion last week. The biggest equity ETF winner this week, for the second week in a row, was SSGA's SPDR S&P 500 ETF (SPY) with $2.9 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $4.5 billion in net outflows this week, their 17th week of outflows in a row. That's down from $8.6 billion last week.

On the fixed income side, ETFs brought in $3.7 billion in net inflows this week, their seventh week of inflows in a row, down from $7 billion last week. The biggest taxable fixed income ETF winner this week was SSGA's SPDR Bloomberg High Yield Bond ETF (JNK) with $1 billion in net inflows.

Conventional taxable fixed income funds suffered $3.4 billion in net outflows this week, their 19th week of outflows in a row, down from $7.6 billion last week. And conventional municipal bond fund brought in $325 million in net inflows this week, their first week of inflows in 21 weeks, up from $2.8 billion in net outflows.

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