Net industry flows reversed as equity funds in particular had a big week, according to the latest flows data from the LSEG Lipper team.

In the U.S. Weekly FundFlows Insight report for the week ending June 26, 2024 (i.e. Wednesday), the LSEG Lipper team confirms that $14.3 billion net flowed into mutual funds and ETFs in the U.S. this week. It's the industry's eighth week of inflows in ten weeks, a $44.3-billion improvement from last week. Long-term (i.e. non-money-market) funds brought in $21.3 billion in net inflows this week, up by $27.8 billion week-over-week.

Equity funds led the inflows pack this week, bringing in $17.7 billion in net inflows, up by $25.1 billion W/W. Other inflows winners this week included: taxable fixed income funds, $4.7 billion in net inflows (up by $3.2 billion W/W); and commodities funds, $284 million in net inflows (up by $981 million W/W).

On the flip side, money market funds led the outflows pack this week, thanks to $7 billion in net outflows, a $16.5-billion drop W/W. Other outflows sufferers this week included: tax-exempt fixed income funds, $498 million in net outflows (a $514-million net flows drop W/W); mixed-assets funds, $297 million in net outflows (up by $4 million W/W); and alternatives funds, $182 million in net outflows (a $979-million net flows drop W/W).

Equity ETFs brought in $20.9 billion in net inflows this week. It was their first week of inflows in three weeks, up by $22.5 billion W/W.

This week's biggest equity ETF winner was SSGA's SPDR S&P 500 ETF Trust (SPY). The fund brought in $14.5 billion in net inflows.

Conventional equity funds suffered $5.4 billion in net outflows this week. It was their 124th week of outflows in a row, down by $300 million W/W.

Taxable fixed income ETFs brought in $5.7 billion in net inflows this week. It was their seventh week of inflows in eight weeks, up by $2.5 billion W/W.

This week's taxable fixed income ETF winner, for a third consecutive week, was BlackRock's iShares 20+ Year Treasury Bond ETF (TLT). The fund brought in $2.1 billion in net inflows, up by $619 million W/W.

Conventional taxable fixed income funds suffered $1.3 billion in net outflows this week. It was their eighth week of outflows in ten weeks, down by $300 million W/W.

Municipal bond ETFs suffered $261 million in net outflows this week. It was their first week of outflows in four weeks, a $411-million net flows drop W/W.

Conventional muni bond funds suffered $236 million in net outflows this week. It was their sixth week of outflows in seven weeks, up by $102 million W/W. 

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