MutualFundWire.com: Weekly Outflows Shrink By $15.8B

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Friday, January 26, 2024

Weekly Outflows Shrink By $15.8B

The industry's outflows shrank by more than 70 percent this week, as money market and stock fund outflows softened, 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 January 24, 2024 (i.e. Wednesday), Tom Roseen, head of research services at LSEG Lipper, reveals that $6.6 billion net flowed out of mutual funds and ETFs in the U.S. this week. It was the industry's second week of outflows in three weeks, down from $22.4 billion in net outflows last week. Long-term (i.e. non-money-market) funds brought in $2.1 billion in net inflows this week, up week-over-week from $100 million.

Fixed income funds led the way with $3.9 billion in net inflows this week, down W/W from $8.697 billion last week. Commodity funds brought in $220 million in net inflows this week (up W/W from $651 million in net outflows), and alternatives funds brought in $68 million in net inflows (down W/W from $562 million).

On the flip side, money market funds suffered $8.7 billion in net outflows this week, down W/W from $22.5 billion last week. Equity funds suffered $1.8 billion in net outflows this week (down W/W from $8.2 billion), and mixed-assets funds suffered $352 million in net outflows (up W/W from $195 million).

Equity ETFs brought in $2.1 billion in net inflows this week. It was their first week of inflows in three weeks, up W/W from $5 billion in net outflows.

Domestic equity ETFs brought in $1.4 billion in net inflows this week, their first week of inflows in three weeks. And non-domestic equity ETFs brought in $717 million in net inflows, their fifth consecutive week of inflows.

This week's biggest equity ETF winner was Invesco QQQ Trust Series 1 (QQQ). The fund brought in $2.8 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $3.9 billion in net outflows this week. It was their 102nd week of outflows in a row, up W/W from $3.3 billion last week.

Conventional domestic equity funds suffered $3.5 billion in net outflows this week, their 103rd consecutive week of outflows. And conventional non-domestic equity funds suffered $408 million in net outflows, their 46th week of outflows in a row.

Commodities ETFs brought in $178 million in net inflows this week. Conventional commodities funds brought in $42 million.

Mixed-assets ETFs brought in $64 million in net inflows this week. Yet conventional mixed-assets funds suffered $416 million in net outflows.

Alts ETFs suffered $61 million in net outflows this week. Yet conventional alts funds brought in $129 million in net inflows.

Taxable fixed income ETFs brought in $2.1 billion in net inflows this week. It was their fifth consecutive week of inflows, down W/W from $7 billion.

This week's biggest taxable fixed income ETF winner was F/m's US Treasury 3 Month Bill ETF (TBIL). The fund brought in $2.8 billion in net inflows.

Conventional taxable fixed income funds brought in $1.7 billion in net inflows this week. It was their fourth week of inflows in a row, up W/W from $806 million.

Municipal bond ETFs suffered $323 million in net outflows this week. It was their third week of outflows in four weeks, down W/W from $189 million in net inflows.

This week's biggest muni bond ETF winner was the AB Tax-Aware Short Duration Municipal ETF (TAFI). The fund brought in $21 million in net inflows.

Conventional muni bond funds suffered $534 million in net outflows this week. That's down W/W from $707 million in net inflows.

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