MutualFundWire.com: Inflows Fall 50 Percent to $26B

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Friday, October 1, 2021

Inflows Fall 50 Percent to $26B

Industry fund flows fell by nearly half this week, with inflows drops or outflows increases practically across the board of categories, according to the latest data from the Lipper team at Refinitiv.

Jack Fischer
Refinitiv Lipper
Senior Research Analyst

In the U.S. Weekly FundFlowsInsight report for the week ending September 29 (i.e. Wednsday), Jack Fischer, senior analyst at Refinitiv Lipper, reveals that $25.9 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's second week of net inflows in a row, though it's down from $50.4 billion last week.

Money market funds kept the lead this week, thanks to $33.9 billion in net inflows, their second week in a row of net inflows but down from $49.6 billion last week. Taxable bond funds brought in $3.2 billion in net inflows this week (down from $5.9 billion), while tax-exempt bond funds brought in $408 million (down from $1.6 billion). Meanwhile, equity funds suffered $9.6 billion in net outflows, their second week of net outflows in a row and up from $6.7 billion last week.

Equity ETFs suffered $3.3 billion in net outflows this week, their second week in a row of net outflows but down from $6.1 billion last week. Conventional (i.e. non-ETF) equity funds suffered $6 billion in net outflows this week: it was their 25th week of net outflows in 26 weeks, up from $616 million last week.

Within conventional equity funds, domestic equity funds suffered $5 billion in net outflows this week, up from $664 million last week. Conventional non-domestic equity funds suffered $1.1 billion in net outflows this week (their first week of net outflows in the past four weeks and their largest since June, down from $48 million in net inflows last week).

On the fixed income side, ETFs brought in $1.8 billion in net inflows this week, their tenth week in a row of inflows but down from $3 billion. Conventional fixed income funds brought in $1.4 billion in net inflows this week, their eight week of inflows in a row but down from $4.5 billion.

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