MutualFundWire.com: A $159.6B Improvement In Two Weeks

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Friday, November 3, 2023

A $159.6B Improvement In Two Weeks

Industry net flows have improved by $159.6 billion over the last two weeks, according to the latest data from LSEG Lipper team.

Jack Fischer
LSEG Lipper
Senior Research Analyst

In the U.S. Weekly FundFlows Insight report for the week ending November 1 (i.e. Wednesday), Jack Fischer, senior research analyst at LSEG Lipper, reveals that $53.3 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's second week of inflows in a row, up week-over-week from $17.5 billion last week. Long-term (i.e. non-money-market) funds suffered $3.1 billion in net outflows this week, down W/W from $4.7 billion.

Money market funds drove the overall numbers yet again, bringing in $56.4 billion in net inflows, up W/W from $22.2 billion. Equity funds brougth in $983 million in net inflows this week, up W/W from $1.2 billion in net outflows.

Tax-exempt fixed income funds suffered $1.5 billion in net outflows this week. Mixed assets funds suffered $1.2 billion in net outflows this week (up W/W from $895 million), alternatives fudns suffered $1.1 billion in net outflows (down W/W from $1.6 billion), and taxable bond funds suffered $278 million in net outflows.

Equity ETFs brought in $7.8 billion in net inflows this week. This was their fifth week of inflows in a row, up from $3.9 billion.

This week's biggest equity ETF winner was SSGA's SPDR S&P 500 ETF Trust (SPY). The fund brought in $7.4 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $6.8 billion in net outflows this week. It was their 91st consecutive week of outflows, up W/W from $3.9 billion.

Taxable fixed income ETFs brought in $3.5 billion in net inflows. It was their fourth consecutive week of inflows, up W/W from $3.4 billion.

This week's biggest taxable fixed income ETF winner was SSGA's SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). The fund brought in $3.1 billion in net inflows.

Conventional taxable fixed income funds suffered $3.7 billion in net outflows this week. It was their eighth week of inflows in a row, down W/W from $4.3 billion.

Municipal bond ETFs suffered $60 million in net outflows this week. It was their first week of outflows in eight weeks, down W/W from $236 million in net inflows.

Conventional muni bond funds suffered $1.4 billion in net outflows this week. It was 13th consectuive week of outflows, up W/W from $1.2 billion.

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