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The insiders' edge for 40 Act industry executives!
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, March 17, 2023 Money Market Fund Flows Jump $110B Money funds' flows improved by $110 billion this week, even as long-term funds' flows worsened by more than $22 billion, according to the latest data from LSEG's Refinitiv Lipper team.
Money market funds brought in $108 billion in net inflows this week. That's their fifth largest weekly inflows on record (i.e. since 1992), up from $2 billion in net outflows last week. On the flip side, equity funds suffered $17.7 billion in net outflows this week (up from $735 million last week), taxable fixed income funds suffered $1.5 billion in net outflows this week (down from $3.9 billion in net inflows), and tax-exempt fixed income funds suffered $461 million in net outflows this week (up from $308 million). Equity ETFs suffered $11.9 billion in net outflows this week. It was their third week of outflows in four weeks and their largest weekly outflows since December, down from $3.2 billion in net inflows last week. Domestic equity ETFs suffered $10.8 billion in net outflows this week. It was their fourth week of outflows in five weeks, down from $3.2 billion in net outflows last week. Non-domestic equity ETFs suffered $1.1 billion in net outflows this week. It was their second week of outflows in a row, up from $5 million last week. This week's biggest equity ETF winner was SSGA's SPDR S&P Regional Banking ETF (KRE), with $1.4 billion in net inflows. It was the fund's strongest weekly inflows since its inception back in 2006. Conventional (i.e. non-ETF) equity funds suffered $5.8 billion in net outflows this week. It was their 58th week of outflows in a row, up from $3.9 billion last week. Conventional domestic equity funds suffered $4.8 billion in net outflows this week. It was their 11th week of outflows in a row, up from $3.8 billion last week. Conventional non-domestic equity funds suffered $1 billion in net outflows this week. It was their third week of outflows in a row, up from $73 million last week. Taxable fixed income ETFs brought in $3.7 billion in net inflows this week. It was their fourth week of inflows in a row, down from $4.9 billion last week. This week's biggest taxable fixed income ETF winner was, for the second week in a row, SSGA's SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), with $2.5 billion in net inflows. That's up from $723 million last week/ Conventional taxable fixed income funds suffered $5.2 billion in net outflows this week. It was their fourth week of outflows in a row, up from $1 billion last week. Municipal bond ETFs suffered $83 million in net outflows this week. It was their seventh week of outflows in eight weeks, down from $50 million in net inflows last week. This week's biggest muni bond ETF winner, for the second week in a row, was BlackRock's iShares National Muni Bond ETF (MUB), with $170 million in net inflows. That's up from $105 million last week. Conventional muni bond funds suffered $378 million in net outflows this week. It was their fourth week of outflows in a row, up from $358 million last week. Printed from: MFWire.com/story.asp?s=65719 Copyright 2023, InvestmentWires, Inc. All Rights Reserved |
