Stock funds and money funds were the big winners this week as long-term industry inflows returned, 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 September 13, 2023 (i.e. Wednesday), Jack Fischer, senior research analyst at LSEG Lipper, reveals that $18.7 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's third week of inflows in a row, up from $9.6 billion last week. Long-term (i.e. non-money market) funds brought in $9.3 billion in net inflows this week, up week-over-week from $8.4 billion in net outflows.

Equity funds led the pack with $9.6 billion in net inflows this week, up from $5.2 billion in net outflows last week. Money market funds brought in $9.4 billion in net inflows this week (down from $18 billion), and taxable fixed income funds brought in $961 million (up from $2.4 billion in net outflows).

On the flip side, alternatives funds suffered $637 million in net outflows this week. Tax-exempt fixed income funds suffered $306 million in net outflows this week (down W/W from $798 million), mixed-assets funds suffered $246 million in net outflows, and commodities funds suffered $84 million in net outflows.

Equity ETFs brought in $13.4 billion in net inflows this week. It was their ninth week of inflows in 12 weeks, up W/W from $1.4 billion in net outflows.

This week's biggest equity ETF winner was the Invesco QQQ Trust Series 1 (QQQ). The fund brought in $4.8 billion in net inflows this week.

Conventional (i.e. non-ETF) equity funds suffered $3.8 billion in net outflows this week. It was their 61st week of outflows in a row and roughly unchanged W/W.

Taxable fixed income ETFs brought in $2.6 billion in net inflows this week. It was their third week of inflows in four weeks, up W/W from $1.1 billion in net outflows.

This week's biggest taxable fixed income ETF winner was BlackRock's iShares Core US Aggregate Bond ETF (AGG). The fund brought in $976 million in net inflows this week.

Municipal bond ETFs brought in $1 billion in net inflows this week. It was their second week of inflows in three weeks, up W/W from $135 million in net outflows.

Conventional taxable fixed income funds suffered $1.7 billion in net outflows this week. It was their third week of outflows in four weeks, up W/W from $1.3 billion.

Conventional muni bond funds suffered $1.3 billion in net outflows this week. It was their sixth week of outflows in a row, up W/W from $663 million.

Editor's Note: A prior version of this story included incorrect figures for the outflows streaks from conventional equity, conventional taxable fixed income, and conventional municipal bond funds, and those figures have been adjusted accordingly. The issue arose due to an apples-to-orange comparison problem when comparing this week's data to those from prior weeks. An LSEG spokesperson explains that they switched to a new application for reports, with "slightly different methodology:" the Lipper U.S. Fund Flows application is being decommissioned, and the reports now use data from Lipper's Global Fund Flows application. 

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