MutualFundWire.com: Equity Fund Flows Suffer a $20B Swing

MutualFundWire.com

The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication

Friday, July 12, 2024

Equity Fund Flows Suffer a $20B Swing

Stock funds' and money funds' fortunes reversed this week, according to the latest flows 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 July 10, 2024 (i.e. Wednesday), Jack Fischer, senior research analyst at LSEG Lipper, confirms that $6.5 billion net flowed into mutual funds and ETFs in the U.S. this week. It's the industry's 10th week of inflows in 12 weeks and a $7.8-billion drop from LSEG Lipper's last report two weeks ago. Long-term (i.e. non-money-market) funds brought in $2.2 billion in net inflows this week, down by $19.1 billion from two weeks ago.

On the flip side, equity funds suffered $2.3 billion in net outflows this week, a $20-billion net flows drop from two weeks ago. Other outflows sufferers this week included: mixed-assets funds, $226 million (down by $71 million from two weeks ago); and commodities funds, $37 million (a $321-million net flows drop from two weeks ago).

Equity ETFs brought in $1 billion in net inflows this week. It was their third week of inflows in a row, down by $19.9 billion from two weeks ago.

This week's biggest equity ETF winner was the Invesco QQQ Trust Series Q (QQQ). The fund brought in $1.2 billion in net inflows.

Conventional equity funds suffered $3.4 billion in net outflows this week. It was their 126th week of outflows in a row, down by $2 billion from two weeks ago.

Taxable fixed income ETFs brought in $4.2 billion in net inflows this week. It was their ninth week of inflows in ten weeks, down by $1.5 billion from two weeks ago.

This week's taxable fixed income ETF winner was BlackRock's iShares 20+ Year Treasury Bond ETF (TLT). The fund brought in $1.1 billion in net inflows.

Conventional taxable fixed income funds suffered $831 million in net outflows this week. It was their fourth week of outflows in five weeks, down by $469 million from two weeks ago.

Municipal bond ETFs brought in $626 million in net inflows this week. It was their first week of inflows in three weeks, an $887-million net flows increase from two weeks ago.

Conventional muni bond funds brought in $149 million in net inflows this week. It was their second week of inflows in three weeks, a $385-million net flows increase from two weeks ago.

Printed from: MFWire.com/story.asp?s=67642

Copyright 2024, InvestmentWires, Inc.
All Rights Reserved