MutualFundWire.com: The One-Week, $32B Flows Swing

MutualFundWire.com

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

Friday, October 14, 2022

The One-Week, $32B Flows Swing

The flows pendulum swung back in money funds' favor this week, with an improvement of more than $32 billion, while equity fund outflows shrunk a bit and bond fund outflows slightly worsened, according to the latest data from LSEG's Refinitiv Lipper team.

Jack Fischer
Refinitiv Lipper
Senior Research Analyst

In the U.S. Weekly FundFlows Insight report for the week ending October 12, 2022 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $2.3 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 a row, down from $35.4 billion last week. Long-term (i.e. non-money market) funds and ETFs suffered $9.9 billion in net outflows this week, down from $10.7 billion.

Money market funds brought in $7.6 billion in net inflows this week, up from $24.7 billion in net outflows last week. On the flip side, taxable bond funds suffered $4.8 billion in net outflows this week (up from $4.1 billion last week), equity funds suffered $2.7 billion in net outflows this week (down from $4.5 billion), and tax-exempt bond funds suffered $2.3 billion in net outflows this week (up from $2.1 billion).

Equity ETFs brought in $4.6 billion in net inflows this week. It was their third week of inflows in four weeks, down from $6.2 billion last week.

This week's biggest equity ETF winner, for the second week in a row, was SSGA's SPDR S&P 500 ETF (SPY), with $1.1 billion in net inflows (down from $1.6 billion last week).

Conventional (i.e. non-ETF) equity funds suffered $7.4 billion in net outflows this week. It was their 36th week of outflows in a row, down from $19.6 billion last week.

Fixed income ETFs brought in $1.7 billion in net outflows this week. It was their second week of inflows in a row.

This week's biggest taxable fixed income ETF winner was BlackRock's iShares: 20+ Treasury Bond ETF (TLT), with $933 million in net inflows.

Municipal bond ETFs brought in $842 million in net inflows this week. It was their second week of inflows in a row, down from $1.2 billion last week.

Conventional taxable fixed income funds suffered $6.5 billion in net outflows this week. It was their eighth week of outflows in a row, down from $11.8 billion last week.

Conventional muni bond funds suffered $3.1 billion in net outflows this week. It was their eighth week of outflows in a row, down from $3.3 billion last week. Fischer notes that the category has had only five weeks of net inflows year-to-date.

Printed from: MFWire.com/story.asp?s=65004

Copyright 2022, InvestmentWires, Inc.
All Rights Reserved