Non-ETF equity mutual funds have now suffered weekly outflows for more than 17 months straight, according to the latest 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 19, 2023 (i.e. Wednesday), Jack Fischer, senior research analyst at LSEG Lipper, reveals that $2.9 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's second week of inflows in three weeks, up from $18 billion in net outflows last week. Long-term funds (i.e. non-money market funds) brought in $1.998 billion in net inflows this week, down from $4.2 billion.

Taxable fixed income funds led the way for a second week in a row, bringing in $3.2 billion in net inflows this week, down from $3.4 billion last week. Tax-exempt fixed income funds brought in $1 billion in net inflows, this week, up from $136 million in net outflows. And money market funds brought in $902 million in net inflows this week, up from $22.2 billion in net outflows.

On the flip side, equity funds suffered $2.3 billion in net outflows this week. That's down from 1 billion in net inflows last week.

Equity ETFs brought in $5.5 billion in net inflows this week. It was their fourth week of inflows in a row, up from $5.1 billion last week.

This week's biggest equity ETF winner was BlackRock's iShares Core S&P 500 ETF (IVV). The fund brought in $2.9 billion in net inflows this week.

Conventional (i.e. non-ETF) equity funds suffered $7.8 billion in net outflows this week. It was their 76th week of outflows in a row, up from $4.1 billion in net outflows last week.

Taxable fixed income ETFs brought in $3.2 billion in net inflows this week. It was their sixth week of inflows in seven weeks and was level with the week prior.

This week's biggest taxable fixed income ETF winner was BlackRock's iShares iBoxx $ High Yield Corporates ETF (HYG). The fund brought in $1.6 billion in net inflows this week.

Municipal bond ETFs brought in $1.2 billion in net inflows this week. It was their fifth biggest inflows week ever and their first week of inflows in three weeks, up from $132 million in net outflows last week.

Conventional taxable fixed income funds brought in $82 million in net inflows this week. It was their third week of inflows in a row, down from $169 million in net inflows last week.

Conventional muni bond funds suffered $144 million in net outflows this week. It was their fourth week of outflows in a row, up from $5 million last week. 

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