Industry inflows more than tripled this week, thanks largely to a tenfold increase in one niche, according to the latest data from the Lipper
team at Refinitiv
| Jack Fischer|
Senior Research Analyst
In the U.S. Weekly FundFlows Insight
report for the week ending March 30, 2022 (i.e. Wednesday), Jack Fischer
, senior research analyst at Refinitiv Lipper, reveals that $31.5 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's second week in a row of net inflows, up from $9.2 billion last week
. Long-term (i.e. non-money market) funds and ETFs brought in $1.7 billion in net inflows this week, down from $12.1 billion last week.
Money market funds led the way with $29.8 billion in net inflows this week, up from $2.9 billion in net outflows last week. Equity funds brought in $3.9 billion in net inflows this week, down from $11.3 billion.
On the flip side, taxable bond funds suffered $117 million in net outflows this week, down from $2.3 billion in net inflows last week. And tax-exempt bond funds suffered $2 billion in net outflows this week, up from $1.5 billion.
Equity ETFs brought in $7.7 billion in net inflows this week, their eight week in a row of inflows, down from $12.8 billion last week. Yet conventional (i.e. non-ETF) equity funds suffered $3.9 billion in net outflows this week, their eighth week of outflows in a row, up from $1.5 billion.
On the fixed income side, ETFs brought in $3.9 billion in net inflows this week, while conventional funds suffered $4 billion in net outflows.
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