MutualFundWire.com: Industry Inflows Return, Despite Equity Outflows Quadrupling
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Friday, August 11, 2023

Industry Inflows Return, Despite Equity Outflows Quadrupling


Net industry inflows returned this week, despite stock funds' outflows more than quadrupling, according to the latest data from the LSEG Lipper team.

Tom Roseen
 LSEG Lipper
Head of Research Services
In the U.S. Weekly FundFlows Insight report for the week ending August 9, 2023 (i.e. Wednesday), Tom Roseen, head of research services at LSEG Lipper, reveals that $10.8 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's third week of inflows in four weeks, up from $389 million in net outflows last week. Long-term funds suffered $7.6 billion in net outflows this week, roughly level with last week.

Money market funds kept the lead this week, bringing in $18.4 billion in net inflows, up from $7.2 billion last week. Taxable fixed income funds brought in $785 million in net inflows this week (up from $4.6 billion in net outflows), and tax-exempt fixed income funds brought in $278 million in net inflows (up from $990 million in net outflows).

On the flip side, equity funds suffered $8.6 billion in net outflows this week. That's up from $1.9 billion last week.

Equity ETFs suffered $3.1 billion in net outflows this week. It was their first week of outflows in seven weeks, down from $2.2 billion in net inflows last week.

Domestic equity ETFs suffered $3 billion in net outflows this week, their first week of outflows in seven weeks. And non-domestic equity ETFs suffered $44 million in net outflows this week, their second week of outflows in a row.

This week's biggest equity ETF winner was SSGA's Health Care Select Sector SPDR Fund (XLV). The fund brought in $634 million in net inflows this week.

Conventional (i.e. non-ETF) equity funds suffered $5.6 billion in net outflows this week. It was their 79th week of outflows in a row, up from $4.1 billion last week.

Conventional domestic equity funds suffered $5 billion in net outflows this week, their 32nd week of outflows in a row. And conventional non-domestic equity funds suffered $527 million in net outflows this week, their 25th week of outflows in a row.

Taxable fixed income ETFs brought in $741 million in net inflows this week. It was their fifth week of inflows in six weeks, up from $2.5 billion in net outflows last week.

This week's biggest taxable fixed income ETF winner was BlackRock's iShares 0-3 Month Treasury Bond ETF (SGOV). The fund brought in $542 million in net inflows this week.

Municipal bond ETFs brought in $281 million in net inflows this week. It was their third week of inflows in four weeks, up from $675 million in net outflows last week.

This week's biggest muni bond ETF winner was the iShares National Muni Bond ETF (MUB). The fund brought in $180 million in net inflows this week.

Conventional taxable fixed income funds brought in $44 million in net inflows this week. It was their fifth week of inflows in six weeks, up from $2.1 billion in net outflows last week.

Conventional muni bond funds suffered $3 million in net outflows this week. It was their second week of outflows in a row, down from $315 million last week.


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