Industry inflows fell by about 85 percent last week, to their lowest level in nearly two months, after the beginning of the United States' and Israel's war with Iran, according to the latest data from the folks at a mutual fund industry trade group. Net flows worsened across all major fund categories.

Today, the Investment Company Institute (ICI) team reports that an estimated $7.082 billion net flowed into ETFs and long-term, open-end mutual funds in the week ended March 4, 2026*. That's down by $41.009 billion week-over-week from the week ended on February 25** but still brings the industry's inflows streak to eight weeks and counting.

Traditional, long-term, open-end mutual funds suffered an estimated $17.136 billion in net outflows in the week ended March 4, up by $2.56 billion W/W. Meanwhile, ETFs brought in an estimated $24.218 billion in net inflows last week, down by $38.452 billion W/W.

Bond funds led the way for a seventh consecutive week. Per ICI's data, fixed income funds and ETFs brought in an estimated $19.438 billion in net inflows for the week ended March 4 (down by $15.067 billion W/W). $17.332 billion of that (down by $14.519 billion W/W) flowed into taxable bond funds and ETFs, while $2.116 billion (down by $547 million W/W) flowed into municipal bond funds and muni ETFs.

On the flip side, the ICI team reports that hybrid funds and ETfs suffered an estimated $740 million in net outflows for the week ended March 4. That's up by $681 million W/W.

Commodity funds (well, ETFs) suffered an estimated $2.591 billion in net outflows for the week ended March 4. That translates into an $8.21-billion net flows drop W/W.

Equity funds and ETFs suffered their first weekly outflows since the week ended January 7, as $9.025 billion flowed out last week (that's a $17.052-billion net flows drop W/W). Domestic equity funds and ETFs suffered an estimated $11.537 billion in net outflows in the week ended March 4 (up by $5.796 billion W/W), while world equity ETFs and funds brought in $2.512 billion in net inflows (down by $11.256 billion W/W).

*Money-market funds and funds of funds, as well as non-'40 Act asset management products like collective trusts and separate accounts, are not included.

**Editor's Note: The ICI folks note that they also regularly revise the past weeks' flows data, "because of adjustments, reclassifications, and changes in the number of funds reporting." Thus, the week-to-week flows changes may not quite line up perfectly with the numbers in MFWire's coverage of prior weeks' flows. 

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