MutualFundWire.com: Stock Fund Inflows Bounce Back to $4B

MutualFundWire.com

The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication

Friday, August 12, 2022

Stock Fund Inflows Bounce Back to $4B

Stock fund inflows and long-term fund inflows are back, 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 August 10, 2022 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $8.7 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's third week of outflows in four weeks, down from $16.7 billion in net outflows last week. Long-term funds and ETFs brought in $3.2 billion in net inflows this week, up from $2.6 billion in net outflows.

Equity funds led the way with $4.4 billion in net inflows this week, up from $7.5 billion in net outflows last week. And taxable bond funds brought in $3.8 billion in net inflows this week, down from $3.9 billion.

On the flip side, money funds suffered $11.9 billion in net outflows this week, down from $14.1 billion in net outflows last week. And tax-exempt bond funds suffered $4.9 billion in net outflows this week, down from $1.1 billion in net inflows.

Equity ETFs brought in $7.3 billion in net inflows this week. It was their second week of inflows in three weeks, up from $527 million in net outflows last week. The biggest equity ETF winner this week was SSGA's SPDR S&P 500 (SPY) with $3.7 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $2.9 billion in net outflows this week. That's their 27th week of outflows in a row, down from $7 billion last week.

On the fixed income side, ETFs brought in $4.7 billion in net inflows this week. It was their 15th week of inflows in 17 weeks, up from $3.5 billion last week. The biggest taxable fixed income ETF winner this week was BlackRock's iShares: 7-10 Treasury Bond ETF (IEF) with $1.3 billion in net inflows.

Conventional taxable fixed income funds suffered $974 million in net outflows this week. It was their 28th week of outflows in 29 weeks, down from $332 million in net inflows last week. And conventional municipal bond funds suffered $220 million in net outflows this week, down from $833 million in net inflows.

Printed from: MFWire.com/story.asp?s=64734

Copyright 2022, InvestmentWires, Inc.
All Rights Reserved