MutualFundWire.com: Long-Term Flows Rebound By $9B
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Friday, October 21, 2022

Long-Term Flows Rebound By $9B


Industry long-term inflows rebounded by $9.1 billion this week, even as money fund flows nearly inverted, according to the latest data from LSEG's Refinitiv Lipper team.

Tom Roseen
 Refinitiv Lipper
Head of Research Services
In the U.S. Weekly FundFlows Insight report for the week ending October 19, 2022 (i.e. Wednesday), Tom Roseen, head of research services at Refinitiv Lipper, reveals that $6.8 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 a row, up from $2.3 billion last week. Long-term (i.e. non-money market) funds and ETFs suffered $800 million in net outflows this week, down from $9.9 billion.

Equity funds brought in $4.1 billion in net inflows this week, up from $2.7 billion in net outflows last week. On the flip side, money market funds suffered $5.7 billion in net outflows this week (down from $7.6 billion in net inflows last week), taxable bond funds suffered $2.6 billion in net outflows this week (down from $4.8 billion), and tax-exempt bond funds suffered $2.6 billion in net outflows this week (up from $2.3 billion).

Equity ETFs brought in $11.3 billion in net inflows this week. It was their third week of inflows in a row, up from $4.6 billion last week.

Domestic equity ETFs brought in $9.9 billion in net inflows this week, also their third week of inflows in a row. And nondomestic equity ETFs brought in $1.4 billion in in net inflows this week, their fourth week of inflows in a row.

This week's biggest equity ETF winner, for the third week in a row, was SSGA's SPDR S&P 500 ETF (SPY), with $5.5 billion in net inflows (up from $1.1 billion last week).

Conventional (i.e. non-ETF) equity funds suffered $7.2 billion in net outflows this week. It was their 37th week of outflows in a row, down from $7.4 billion last week.

Conventional domestic equity funds suffered $3.6 billion in net outflows this week, also their 37th week of outflows in a row. And conventional nondomestic equity funds suffered $3.5 billion in net outflows this week, their 28th week of outflows in a row.

Taxable fixed income ETFs brought in $5.5 billion in net inflows this week. It was their third week of inflows in a row.

This week's biggest taxable fixed income ETF winner was BlackRock's iShares U.S. Treasury Bond ETF (GOVT), with $2.2 billion in net inflows.

Municipal bond ETFs suffered $381 million in net outflows this week. It was their first week of outflows in three weeks, down from $842 million in net inflows last week.

This week's biggest muni bond ETF winner was BlackRock's iShares National Muni Bond ETF (MUB), with $113 million in net inflows.

Conventional taxable fixed income funds suffered $8.1 billion in net outflows this week. It was their ninth week of outflows in a row, up from $6.5 billion last week.

Conventional muni bond funds suffered $2.2 billion in net outflows this week. It was also their ninth week of outflows in a row, down from $3.1 billion last week. Roseen notes that 2022 remains the worst conventional muni bond fund flows year on record since Lipper started calculating weekly flows back in 1992, thanks to an estimated $116.8 billion in net 2022 outflows year-to-date.


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