A spike in money fund outflows helped drive industry outflows up nearly three-fold this week, 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 January 19, 2022 (i.e. Wednesday), Jack Fischer, senior research analyst at Refinitiv Lipper, reveals that $61.2 billion net flowed out of mutual funds and ETFs in the U.S. this week. That's the industry's second week in a row of net outflows, up from $21.2 billion last week.

Money market funds dominated the picture with $58.2 billion in net outflows this week, up from $29.9 billion last week. Yet the three other big categories suffered, too: $2.4 billion flowed out of equity funds this week (dowm from $9.9 billion in net inflows last week), $371 million flowed out of taxable bond funds (down from $1.4 billion), and $239 million flowed out of tax-exempt bond funds (down from $231 million in net inflows).

Equity ETFs suffered $4 billion in net outflows this week, their first week of net outflows in four weeks, down from $13.3 billion in net inflows last week. Yet conventional (i.e. non-ETF) equity funds brought in $1.6 billion in net inflows thisweek; it was their third week of inflows in the past five weeks, up from $3.4 billion in net outflows last week.

On the fixed income side, ETFs suffered $1.8 billion in net outflows this week, their week in a row of net outflows. Yet conventional fixed income funds brought in $1.4 billion in net inflows, their fourth week in a row of net inflows. 

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