MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, August 4, 2023 Net Flows Fall $36B, And ... Net industry fund flows fell by nearly $36 billion this week, according to the latest data from the LSEG Lipper team.
Money market funds kept the lead this week, bringing in $7.2 billion in net inflows. That's down from $28.8 billion last week. On the flip side, taxable fixed income funds suffered $4.6 billion in net outflows this week, down from $2.9 billion in net inflows last week. Equity funds suffered $1.9 billion in net inflows on this week (down from $3.2 billion in net inflows), and tax-exempt fixed income funds suffered $990 million in net outflows this week (down from $552 million in net inflows). Equity ETFs brought in $2.2 billion in net inflows this week. It was their sixth week of inflows in a row, down from $10.3 billion last week. This week's biggest equity ETF winner was BlackRock's iShares Core S&P Mid-Cap ETF (IJH). The fund brought in $2.3 billion in net inflows this week. Conventional (i.e. non-ETF) equity funds suffered $4.1 billion in net outflows this week. It was their 78th week of outflows in a row, down from $7 billion last week. Taxable fixed income ETFs suffered $2.5 billion in net outflows this week. It was their first week of outflows in five weeks, down from $2.2 billion in net inflows last week. This week's biggest taxable fixed income ETF winner was the JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB). The fund brought in $300 million in net inflows this week. Municipal bond ETFs suffered $685 million in net outflows. It was their first week of outflows in three weeks, down from $250 million in net inflows. Conventional taxable fixed income funds suffered $2.1 billion in net outflows this week. It was their first week of outflows in five weeks, down from $677 million in net inflows last week. Conventional muni bond funds suffered $315 million in net inflows this week. It was their fifth week of outflows in six weeks, down from $302 million in net inflows last week. Printed from: MFWire.com/story.asp?s=66277 Copyright 2023, InvestmentWires, Inc. All Rights Reserved |
