MutualFundWire.com: Stock Funds Bring In $4.8B, Despite Rising Industry Outflows

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Friday, February 4, 2022

Stock Funds Bring In $4.8B, Despite Rising Industry Outflows

This week was a good one for conventional (i.e. non-ETF) stock funds, despite rising overall industry outflows.

Jack Fischer
Refinitiv Lipper
Senior Research Analyst

In the U.S. Weekly FundFlows Insight report for the week ending February 2, 2022 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $34.6 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's third week of net outflows in four weeks, down from $15.2 billion in net inflows last week. Long-term (i.e. non-money market) funds and ETFs suffered $13.2 billion in net outflows this week, up from $9.2 billion.

Money market funds continued to dominate the picture, this time with $21.4 billion in net outflows, down from $24.4 billion in net inflows last week. $5.2 billion flowed out of equity funds this week (up from $4.1 billion last week), $5.1 billion flowed out of taxable bond funds (up from $3.7 billion), and $2.9 billion flowed out of tax-exempt bond funds (up from $1.4 billion).

Equity ETFs suffered $10 billion in net outflows this week, their second week of net outflows in three weeks and their largest outflows in 71 weeks, down from $837 million in net inflows last week. Yet conventional equity funds brought in $4.8 billion in net inflows this week; it was their second week of net inflows in three weeks, up from $5 billion in net outflows last week.

On the fixed income side, ETFs suffered $1.1 billion in net outflows this week, their third week of outflows in four weeks. And conventional funds suffered $3.9 billion in net outflows, their second week of outflows in a row.

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