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Friday, December 8, 2023 Inflows Shrink By $10.8B, Thanks to Money Funds Industry inflows fell by $10.8 billion this week, driven largely by a slip in money fund flows, according to the latest data from the LSEG Lipper team.
Money market funds again led the way, bringing in $54.7 billion in net inflows this week, down week-over-week from $67.9 billion. And equity funds brought in $663 million in net inflows, up W/W from $2.8 billion in net outflows. On the flip side, mixed assets funds suffered $1 billion in net outflows this week, up W/W from $249 million. Fixed income funds suffered $837 million in net outflows this week, alternatives funds suffered $370 million in net outflows (down W/W from $98 million in net inflows), and commodities funds suffered $275 million in net outflows (down W/W from $481 million). Equity ETFs brought in $10 billion in net inflows this week. It was their tenth week of inflows in a row, up W/W from $2.5 billion. Domestic equity ETFs brought in $10.5 billion in net inflows, their tenth consecutive week of inflows. Yet non-domestic equity ETFs suffered $526 million in net outflows, their first week of outflows in five weeks. This week's biggest equity ETF winner, for the second week running, was SSGA's SPDR S&P 500 ETF Trust (SPY). The fund brought in $6.8 billion in net inflows, up W/W from $3.7 billion. Conventional (i.e. non-ETF) equity funds suffered $9.3 billion in net outflows this week. It was their 96th consecutive week of outflows, up W/W from $5.3 billion. Conventional domestic equity funds suffered $6.8 billion in net outflows this week, their 96th week running of outflows. And conventional non-domestic equity funds suffered $2.6 billion in net outflows, their 39th week of outflows in a row. Alts ETFs brought in $156 million in net inflows this week. Yet conventional alts funds suffered $526 million in net outflows. Mixed assets ETFs brought in $53 million in net inflows this week. Yet conventional mixed assets funds suffered $1.1 billion in net outflows. Commodities ETFs suffered $193 million in net outflows this week. And conventional commodities funds suffered $82 million in net outflows. Taxable fixed income ETFs suffered $1.7 billion in net outflows this week. It was their first week of outflows in nine weeks, down W/W from $610 million in net inflows. This week's biggest taxable fixed income ETF winner was BlackRock's iShares JPMorgan USD Emerging Markets Bond ETF (EMB). The fund brought in $853 million in net inflows. Conventional taxable fixed income funds brought in $987 million in net inflows this week. It was their first week of inflows in 13 weeks, up W/W from $1.5 billion in net outflows. Municipal bond ETFs suffered $6 million in net outflows this week. It was their first week of outflows in 13 weeks, down W/W from $513 million in net inflows. This week's biggest muni bond ETF winner was BlackRock's iShares National Muni Bond ETF (MUB). The fund brought in $104 million in net inflows. Conventional muni bond funds suffered $139 million in net outflows this week. It was their 18th consecutive week of outflows, down W/W from $577 million. Printed from: MFWire.com/story.asp?s=66785 Copyright 2023, InvestmentWires, Inc. All Rights Reserved |