MutualFundWire.com: Equity Fund Inflows Jump By $7B

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Friday, November 17, 2023

Equity Fund Inflows Jump By $7B

Inflows into stock funds more than tripled last week, as industry inflows improved by more than $15 billion, according to the latest data from the LSEG Lipper team.

Jack Fischer
LSEG Lipper
Senior Research Analyst

In the U.S. Weekly FundFlows Insight report for the week ending November 15 (i.e. Wednesday), Jack Fischer, senior research analyst at LSEG Lipper, reveals that $29.4 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's fourth week of inflows in a row, up week-over-week from $14.2 billion last week. Long-term (i.e. non-money-market) funds brought in $14.6 billion in net inflows this week, up W/W/ from $10.3 billion.

Money market funds led the way with $14.8 billion in net inflows this week, up W/W from $3.9 billion. Equity funds brought in $10 billion in net inflows this week (up W/W from $3 billion), taxable fixed income funds brought in $4.7 billion, alternatives funds brought in $377 million (up W/W from $262 million), and commodities funds brought in $202 million (down W/W from $453 million).

On the flip side, mixed assets funds suffered $439 million in net outflows this week, down W/W from $573 million. And tax-exempt fixed income funds suffered $235 million in net outflows.

Equity ETFs brought in $15.9 billion in net inflows this week. It was their seventh consecutive week of inflows, up W/W from $8.8 billion.

This week's biggest equity ETF winner was the Invesco QQQ Trust Series 1 (QQQ). The fund brought in $4.5 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $6 billion in net outflows this week. It was their 94rd week running of net outflows, up W/W from $4.58 billion.

Taxable fixed income ETFs brought in $6.7 billion in net inflows this week. It was their 10th week of outflows in a row, down W/W/ from $8.8 billion.

This week's biggest taxable fixed income ETF winner was SSGA's SPDR Bloomberg High Yield Bond ETF (JNK). The fund brought in $1.8 billion in net inflows.

Conventioanl taxable fixed income funds suffered $2 billion in net outflows this week. It was their 10th consecutive week of outflows, up W/W from $1.6 billion.

Municipal bond ETFs brought in $712 million in net inflows this week. It was their week running of inflows, down W/W from $1 billion.

Conventional muni bond funds suffered $947 million in net outflows this week. It was their 15th week of outflows in a row, down W/W from $1.2 billion.

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