MutualFundWire.com: Flows Improve By $123.8B
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Friday, October 27, 2023

Flows Improve By $123.8B


Fund flows improved by $123.8 billion this week, 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 October 25, 2023 (i.e. Wednesday), Tom Roseen, head of research serices at LSEG Lipper, reveals that $17.5 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's first week of inflows in three weeks, up week-over-week from $106.3 billion in net outflows last week. Long-term (i.e. non-money-market) funds suffered $4.7 billion in net outflows this week, down W/W from $8.8 billion.

Money market funds drove the overall numbers yet again, bringing in $22.2 billion in net inflows this week, up W/W from $97.5 billion in net outflows last week. Commodities funds brought in $1 billion in net inflows this week, up W/W from $1.4 billion in net outflows.

On the flip side, fixed income funds suffered $2 billion in net outflows this week. Alternatives funds suffered $1.6 billion in net outflows this week (up W/W from $182 million), equity funds suffered $1.2 billion in net outflows this week (down W/W from $3.4 billion), and mixed assets funds suffered $895 million in net outflows this week (up W/W from $545 million).

Equity ETFs brought in $3.9 billion in net inflows this week. It was their fourth consecutive week of inflows, up W/W from $2.2 billion.

Domestic equity ETFs brought in $4.6 billion in net inflows this week, their fourth week of inflows runnings. And non-domestic equity ETFs suffered $755 million in net outflows, their second week of outflows in three weeks.

This week's biggest equity ETF winner was BlackRock's iShares Core S&P 500 ETF (IVV). The fund brought in $2.9 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $5.1 billion in net outflows this week. It was their 89th week of outflows in a row, down W/W from $6 billion.

Conventional domestic equity funds suffered $3.9 billion in net outflows this week, their 90th consecutive week of outflows. And conventional non-domestic equity funds suffered $1.2 billion in net outflows this week, their 33rd week of outflows in a row.

Commodity ETFs brought in $1.1 billion in net inflows this week. Yet conventional commodities funds suffered $83 million in net outflows.

Mixed assets ETFs suffered $294 million in net outflows this week. And conventional mixed assets funds suffered $348 million in net outflows.

Alts ETFs suffered $1.2 billion in net outflows this week. And conventional alts funds suffered $348 million in net outflows.

Taxable fixed income ETFs brought in $3.2 billion in net inflows this week. It was their third week of inflows running, up W/W from $762 million.

This week's biggest taxable fixed income ETF winn was BlackRock's iShares 20+ Year Treasury Bond ETF (TLT). The fund brought in $2.3 billion in net inflows.

Conventional taxable fixed income funds suffered $4.3 billion in net outflows this week. It was their seventh consecutive week of outflows, up W/W from $3.7 billion.

Municipal bond ETFs brought in $236 million in net inflows this week. It was their seventh week of inflows in a row, down W/W from $246 million.

This week's biggest muni bond ETF winner was SSGA's SPDR Nuveen Bloomberg Municipal Bond ETF (TFT). The fund brought in $116 million in net inflows.

Conventional muni bond funds suffered $1.2 billion in net outflows this week. It was their 12th week running of outflows, up W/W from $543 million.


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