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Rating:Long-Term Flows Fall $19B In Two Weeks, But ... Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, December 1, 2023

Long-Term Flows Fall $19B In Two Weeks, But ...

Reported by Neil Anderson, Managing Editor

Net flows into long-term funds fell by $18.9 billion in two weeks, even as money fund flows more than quadrupled, 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 November 29 (i.e. Wednesday), Jack Fischer, senior research analyst at LSEG Lipper, reveals that $63.6 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's sixth week of inflows in a row, up from $29.4 billion two weeks ago. Long-term (i.e. non-money-market) funds suffered $4.3 billion in net outflows this week, down from $14.6 billion in net inflows the week before last.

Money market funds again led the way, bringing in $67.9 billion in net inflows this week, up from $14.8 billion two weeks ago. And alternatives funds brought in $98 million in net inflows this week, down from $377 million the week before last.

On the flip side, equity funds suffered $2.8 billion in net outflows this week, down from $10 billion in net inflows two weeks ago. Taxable fixed income funds suffered $873 million in net outflows this week (down from $4.7 billion in net inflows the week before last), commodities funds suffered $481 million in net outflows (down from $202 million in net inflows two weeks ago), mixed assets funds suffered $249 million in net outflows (down from $439 million the week before last), and tax-exempt fixed income funds suffered $64 million in net outflows (down from $235 million two weeks ago).

Equity ETFs brought in $2.5 billion in net inflows this week. It was their ninth week of inflows in a row, down from $15.9 billion two weeks ago.

This week's biggest equity ETF winner was SSGA's SPDR S&P 500 ETF Trust (SPY). The fund brought in $3.7 billion in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $5.3 billion in net outflows this week. It was their 95th week running of net outflows, down from $6 billion the week before last.

Taxable fixed income ETFs brought in $610 million in net inflows this week. It was their eighth consecutive week of inflows, down from $6.7 billion two weeks ago.

This week's biggest taxable fixed income ETF winner was BlackRock's iShares 20+ Year Treasury Bond ETF. The fund brought in $822 million in net inflows.

Conventional taxable fixed income funds suffered $1.5 billion in net outflows this week. It was their 12th week of outflows in a row, down from $2 billion the week before last.

Municipal bond ETFs brought in $513 million in net inflows this week. It was their 12th consecutive week of inflows, down from $712 million two weeks ago.

Conventional muni bond funds suffered $577 million in net outflows this week. It was their 17th week of outflows in a row, down from $947 million the week before last. 

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