MutualFundWire.com: Outflows Return, Except In Money Funds and Muni Bond ETFs

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Friday, December 2, 2022

Outflows Return, Except In Money Funds and Muni Bond ETFs

Outflows returned across the board this week, except in money funds and muni bond ETFs, 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 November 30, 2022 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $4.7 billion net flowed out of mutual funds and ETFs in the U.S. this week. It was the industry's first week of outflows in four weeks, down from $14.1 billion in net inflows two weeks ago. (The Refinitiv Lipper team did not put out a U.S. Weekly FundFlows Insight report last week in light of the Thanksgiving holiday.) Long-term (i.e. non-money market) funds and ETFs suffered $20.2 billion in net outflows this week, down from $17.3 billion in net inflows two weeks ago.

Money market funds were a rare bright spot this week, thanks to an estimated $15.4 billion in net inflows, up from $3.2 billion in net outflows two weeks ago. On the flip side, taxable fixed income funds suffered $10 billion in net outflows this week (down from $2.1 billion in net inflows two weeks ago), equity funds suffered $8.8 billion in net outflows (down from $14.6 billion in net inflows), and tax-exempt bond funds suffered $1.4 billion in net outflows (down from $605 million in net inflows).

Equity ETFs suffered $106 million in net outflows this week. It was first week of outflows in eight weeks, down from $21.7 billion in net inflows two weeks ago.

This week's biggest equity ETF winner was BlackRock's iShares Core S&P 500 ETF (IVV), with $860 million in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $7.6 billion in net outflows this week. It was their 43rd week of outflows in a row, up from $7.1 billion two weeks ago.

Fixed income ETFs suffered $1.8 billion in net outflows this week. It was their first week of outflows in four weeks.

This week's biggest taxable fixed income ETF winner was BlackRock's iShares: 20+ Treasury Bond ETF (TLT), with $821 million in net inflows.

Municipal bond ETFs brought in $746 million in net inflows this week. It was their sixth week of inflows in a row, down from $1.8 billion two weeks ago.

Conventional taxable fixed income funds suffered $8.3 billion in net outflows this week. It was their 15th week of outflows in a row, up from $5.1 billion two weeks ago.

Conventional muni bond funds suffered $2.1 billion in net outflows this week. It was their 15th week of outflows in a row, up from $1.2 billion two weeks ago.

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