Outflows fell across the board this week, 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 June 22, 2022 (i.e. Wednesday), Jack Fischer
, a senior research analyst at Refinitiv Lipper, reveals that $20.1 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's second week of outflows in a row, down from $45.2 billion last week
. Long-term funds and ETFs suffered $18.2 billion in net outflows this week, down from $36.4 billion.
Taxable bond funds led the way this week, with $11.2 billion in net outflows, down from $14.6 billion last week. Equity funds suffered $5.4 billion in net outflows (down from $16.2 billion), money market funds suffered $1.9 billion in net outflows (down from $8.8 billion), and tax-exempt bond funds suffered $1.6 billion in net outflows (down from $5.6 billion).
Equity ETFs suffered $386 million in net outflows this week, their second week of outflows in a row, down from $8.5 billion last week. The biggest equity ETF winner this week was SSGA's SPDR S&P 500 ETF
(SPY) with $4.5 billion in net inflows.
Conventional (i.e. non-ETF) equity funds suffered $5.1 billion in net outflows. It was their 20th week of outflows in a row, down from $7.8 billion last week.
On the fixed income side, fixed income ETFs suffered $1.5 billion in net outflows this week, their second week of outflows in a row. The biggest taxable fixed income ETF winner this week, for the second week in a row, was SSGA's SPDR Bloomberg 1-3 Month T-Bill ETF
(BIL) with $919 million in net inflows.
Conventional taxable fixed income funds suffered $9.7 billion in net outflows this week, their 22nd week of outflows in a row, down from $10.7 billion last week. And conventional municipal bond funds suffered $2.1 billion in net outflows this week, their 23rd week of outflows in 24 weeks, down from $4.6 billion last week.
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