MutualFundWire.com: Bond Fund Flows Rebound to $5B

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Friday, August 5, 2022

Bond Fund Flows Rebound to $5B

Bond fund flows are back, even as money funds and stock funds are suffering outflows, according to the latest data from the Lipper team at Refinitiv.

Jack Fischer
Refinitiv Lipper
Senior Research Analyst

In the U.S. Weekly FundFlows Insight report for the week ending August 3, 2022 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $16.7 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's second week of outflows in three weeks, down from $6.1 billion in net inflows last week. Long-term funds and ETFs suffered $2.6 billion in net outflows this week, down from $100 million in net inflows.

Taxable bond funds led the way with $3.9 billion in net outflows this week, up from $537 million in net outflows last week. And tax-exempt bond funds brought in $1.1 billion in net inflows this week, up from $372 million.

On the flip side, money funds suffered $14.1 billion in net outflows this week, their first outflows in five weeks, down from $6 billion in net inflows last week. And equity funds suffered $7.5 billion in net outflows this week, down from $372 million in net inflows.

Equity ETFs suffered $527 million in net outflows this week. It was their seventh week of outflows in eight weeks, down from $5.5 billion in net inflows last week. The biggest equity ETF winner this week was SSGA's Select Sector: Technology SPDR (XLK) with $785 million in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $7 billion in net outflows this week. That's their 26th week of outflows in a row, up from $5.2 billion last week.

On the fixed income side, ETFs brought in $3.5 billion in net inflows this week. It was their 14th week of inflows in 16 weeks, up from $3.2 billion last week. The biggest taxable fixed income ETF winner this week was BlackRock's iShares: iBoxx $Investment Grade Corporates (LQD) with $1.4 billion in net inflows.

Conventional taxable fixed income funds brought in $332 million in net inflows this week. It was their first week of inflows in 28 weeks, up from $3.8 billion in net outflows last week. And conventional municipal bond funds brought in $833 million in net inflows this week. It was their third week of outflows in 20 weeks, up from $472 million in net outflows last week.

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