MutualFundWire.com: Long-Term Inflows Quadruple to $13B

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Friday, August 19, 2022

Long-Term Inflows Quadruple to $13B

Inflows into long-term funds quadrupled this week, and money fund inflows returned, according to the latest data from the Lipper team at Refinitiv.

Tom Roseen
Refinitiv Lipper
Head of Research Services

In the U.S. Weekly FundFlows Insight report for the week ending August 17, 2022 (i.e. Wednesday), Tom Roseen, head of research services at Refinitiv Lipper, reveals that $15.9 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's first week of inflows in three weeks, and the largest weekly inflows since June 8, up from $8.7 billion in net outflows last week. Long-term (i.e. non-money market) funds and ETFs brought in $12.9 billion in net inflows this week, up from $3.2 billion.

Equity funds led the way for the second week in a row, bringing in $7.3 billion in net inflows this week, up from $4.4 billion last week. Taxable bond funds brought in $5.7 billion in net inflows this week, up from $3.8 billion. And money market funds brought in $3 billion in net inflows, up from $11.9 billion in net outflows.

On the flip side, tax-exempt bond funds suffered $229 million in net outflows this week. That's down from $4.9 billion last week.

Equity ETFs brought in $11.8 billion in net inflows this week. It was their second week of inflows in a row, up from $7.3 billion last week. This week's biggest equity ETF winner, also for the second week in a row, was SSGA's SPDR S&P 500 (SPY), with $1.4 billion in net inflows (down from $3.7 billion last week).

Conventional (i.e. non-ETF) equity funds suffered $4.4 billion in net outflows this week; it's their 28th week of outflows in a row, up from $2.9 billion last week. Conventional domestic equity funds suffered $3.3 billion in net outflows this week (also their 28th week of outflows in a row), while conventional nondomestic equity funds suffered $1.1 billion in net outflows (their 19th week of outflows in a row).

On the fixed income side, taxable fixed income ETFs brought in $4.3 billion in net inflows this week, their eight week of inflows in a row. This week's biggest taxable fixed income ETF winner was BlackRock's iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), with $1.1 billion in net inflows.

Municipal bond ETFs suffered $279 million in net outflows this week. It was their second week of outflows in a row.

Conventional taxable fixed income funds brought in $1.5 billion in net inflows this week; it was their second week of inflows in three weeks, up from $974 million in net outflows last week. And conventional muni bond funds brought in $50 million in net inflows this week; it was their second week of inflows in three weeks, up from $220 million in net outflows last week.

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