MutualFundWire.com: Industry Outflows Fall By $25B

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Friday, June 24, 2022

Industry Outflows Fall By $25B

Outflows fell across the board 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 June 22, 2022 (i.e. Wednesday), Jack Fischer, a senior research analyst at Refinitiv Lipper, reveals that $20.1 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's second week of outflows in a row, down from $45.2 billion last week. Long-term funds and ETFs suffered $18.2 billion in net outflows this week, down from $36.4 billion.

Taxable bond funds led the way this week, with $11.2 billion in net outflows, down from $14.6 billion last week. Equity funds suffered $5.4 billion in net outflows (down from $16.2 billion), money market funds suffered $1.9 billion in net outflows (down from $8.8 billion), and tax-exempt bond funds suffered $1.6 billion in net outflows (down from $5.6 billion).

Equity ETFs suffered $386 million in net outflows this week, their second week of outflows in a row, down from $8.5 billion last week. The biggest equity ETF winner this week was SSGA's SPDR S&P 500 ETF (SPY) with $4.5 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $5.1 billion in net outflows. It was their 20th week of outflows in a row, down from $7.8 billion last week.

On the fixed income side, fixed income ETFs suffered $1.5 billion in net outflows this week, their second week of outflows in a row. The biggest taxable fixed income ETF winner this week, for the second week in a row, was SSGA's SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) with $919 million in net inflows.

Conventional taxable fixed income funds suffered $9.7 billion in net outflows this week, their 22nd week of outflows in a row, down from $10.7 billion last week. And conventional municipal bond funds suffered $2.1 billion in net outflows this week, their 23rd week of outflows in 24 weeks, down from $4.6 billion last week.

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