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Friday, October 15, 2021|
Outflows Fall 86 Percent
Industry outflows fell 86 percent this week, thanks largely to a big drop in money fund outflows, according to the latest data from the Lipper team at Refinitiv.
Money market funds suffered $5.6 billion in net outflows this week, their second week in a row of net outflows but a drop from $14 billion last week. On the flip side, equity funds brought in $1.7 billion in net inflows, down from $4.9 billion last week. Taxable bond funds also brought in $1.7 billion this week, up from $3.4 billion in net outflows. And tax-exempt bond funds brought in $461 million in net inflows this week, up from $39 million.
Equity ETFs brought in $4.5 billion for the second week in a row this week. Conventional (i.e. non-ETF) equity funds suffered $2.9 billion in net outflows: it was their 15th week of outflows in the past 16 weeks, down from $412 million in net inflows last week.
Within conventional equity funds, domestic equity funds suffered $2.8 billion in net outflows this week, their 16th week in a row of net outflows but down from $4 billion last week. Conventional non-domestic equity funds suffered $115 million in net outflows this week, their second week in three of net outflows and down from $4.3 billion in net inflows last week.
On the fixed income side, ETFs brought in $1 billion in net inflows this week, their 11th week in 12 of net inflows. Conventional funds brought in $711 million in inflows, their ninth week in ten of net inflows.
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