MutualFundWire.com: Long-Term Flows Improve By $37B

MutualFundWire.com

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

Friday, March 24, 2023

Long-Term Flows Improve By $37B

Long-term funds' flows improved by more than $37 billion this week, and money funds' inflows jumped by $7.6 billion, 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 March 22, 2023 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $133.3 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's fourth week of inflows in a row, up from $853 million last week. Long-term (i.e. non-money market) funds brought in $17.7 billion in net inflows this week, up from $19.6 billion in net outflows.

The flows news was good across the board, at least at a high level. Money market funds brought in $115.6 billion in net inflows this week. It was their fifth largest inflows week on record, up from $108 billion last week. Equity funds brought in $11.9 billion in net inflows (up from $17.7 billion in net outflows last week), taxable fixed income funds brought in $5.3 billion in net inflows (up from $1.5 billion in net outflows), and tax-exempt fixed income funds brought in $427 million (up from $461 million in net outflows).

Equity ETFs brought in $14.6 billion in net inflows this week. It was their second week of inflows in five weeks, up from $11.9 billion in net outflows last week.

This week's biggest equity ETF winner was SSGA's SPDR S&P 500 ETF (SPY), with $13.1 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $2.8 billion in net outflows this week. It was their 59th week of outflows in a row, down from $5.8 billion lastweek.

Fixed income ETFs brought in $9.2 billion in net inflows this week. It was their fifth week of inflows in a row.

This week's biggest taxable fixed income ETF winner was BlackRock's iShares: US Treasury Bond ETF (GOVT), with $2.9 billion in net inflows.

Municipal bond ETFs brought in $19.5 million in net inflows this week. It was their second week of inflows in nine weeks, up from $83 million in net outflows last week.

Conventional taxable fixed income funds suffered $3.9 billion in net outflows this week. It was their fifth week of outflows in a row, down from $5.2 billion last week.

Conventional muni bond funds suffered $447 million in net outflows this week. It was their fifth week of outflows in a row, up from $378 million last week.

Printed from: MFWire.com/story.asp?s=65755

Copyright 2023, InvestmentWires, Inc.
All Rights Reserved