MutualFundWire.com: A One-Week, $25B Reversal

MutualFundWire.com

The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication

Friday, February 17, 2023

A One-Week, $25B Reversal

Net flows reversed by $24.9 billion in one category this week, even as long-term outflows returned, according to the latest data from LSEG's Refinitiv Lipper team.

Jack Fischer
Refinitiv Lipper
Senior Research Analyst

In the U.S. Weekly FundFlows Insight report for the week ending February 15, 2023 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $5.6 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's first week of inflows in three weeks, up from $11.5 billion in net outflows last week. Long-term (i.e. non-money market) funds suffered $3.1 billion in net outflows this week, down from $4.7 billion in net inflows.

Money market funds brought in $8.7 billion in net inflows this week. That's up from $16.2 billion in net outflows last week.

On the flip side, equity funds suffered $1.7 billion in net outflows this week, down from $111 million in net inflows last week. Taxable fixed income funds suffered $1.3 billion in net outflows this week (down from $3.8 billion in net inflows), and tax-exempt fixed income funds suffered $68 million in net outflows (down from $775 million in net inflows).

Equity ETFs brought in $783 million in net inflows thisweek. It was their fourth week of inflows in a row, down from $3.9 billion last week.

This week's biggest equity ETF winner was the First Trust Financials AlphaDEX ETF (FXO), with $831 million in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $2.4 billion in net outflows this week. It was their 54th week of outflows in a rown, down from $3.8 billion last week.

Fixed income ETFs suffered $2.1 billion in net outflows this week. It was their second week of outflows in three weeks.

This week's biggest taxable fixed income ETF winner was BlackRock's iShares 10-20 Treasury Bond ETF (TLH), with $765 million in net inflows.

Municipal bond ETFs suffered $361 million in net outflows this week. It was their fourth week of outflows in a row, down from $475 million last week.

Conventional taxable fixed income funds brought in $789 million in net inflows this week. It was their sixth week of inflows in a row, down from $3.4 billion last week.

Conventional muni bond funds brought in $293 million in net inflows this week. It was their sixth week of inflows in a row, down from $1.2 billion last week.

Printed from: MFWire.com/story.asp?s=65602

Copyright 2023, InvestmentWires, Inc.
All Rights Reserved