MutualFundWire.com: Money Fund Inflows and Long-Term Outflows Fall By Billions

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Friday, May 12, 2023

Money Fund Inflows and Long-Term Outflows Fall By Billions

Money fund inflows fell by more than $5 billion this week, even as long-term (i.e. non-money market) fund outflows fell by nearly $13 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 May 10, 2023 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $13.4 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's third week of inflows in a row, up from $5.8 billion last week. Long-term funds suffered $3 billion in net outflows this week, down from $15.7 billion.

Money market funds dominated flows again this week, bringing in $16.4 billion in net inflows, down from $21.5 billion last week. And taxable bond funds brought in $726 million in net inflows this week, up from $930 million in net outflows.

On the flip side, equity funds suffered $3.7 billion in net outflows this week, down from $14 billion last week. And tax-exempt bond funds suffered $102 million in net outflows this week, down from $846 million.

Equity ETFs brought in $2.6 billion in net inflows this week. It was their fourth week of inflows in five weeks, up from $7.8 billion in net outflows last week.

This week's biggest equity ETF winner was SSGA's SPDR S&P 500 ETF (SPY), with $4.4 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $6.2 billion in net outflows this week. It was their 66th week of outflows in a row, roughly in line with their outflows last week.

Fixed income ETFs brought in $2.4 billion in net infows this week. It was their first week of inflows in three weeks.

This week's biggest taxable bond ETF winner was BlackRock's iShares: 20+ Treasury Bond ETF (TLT), with $551 million in net inflows.

Municipal bond ETFs brought in $148 million in net inflows this week. It was their second week of inflows in five week, up from $82 million in net outflows last week.

Conventional taxable bond funds suffered $1.7 billion in net outflows this week. It was their 12th week of outflows in a row, up from $253 million last week.

Conventional muni bond funds suffered $249 million in net outflows this week. It was their 12th week of outflows in a row, down from $746 million last week.

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