Industry inflows climbed by about 19 percent last week, thanks largely to rising taxable fixed income flows and despite a stock fund flows reversal, according to the latest data from the folks at a mutual fund industry trade group.

Today, the Investment Company Institute (ICI) team reports that an estimated $23.232 billion net flowed into ETFs and long-term, open-end mutual funds in the week ended October 8. (Money-market funds and funds-of-funds, as well as other asset management products like CITs and separate accounts, are not included.) That's a $3.633-billion net flows jump week-over-week from the week ended on October 1*, and it extends the industry's inflows streak to nine weeks.

Traditional, long-term, open-end mutual funds suffered an estimated $16.322 billion in net outflows for the week ended October 1, according to the ICI folks, down by $3.984 billion W/W. Meanwhile, ETFs brought in an estimated $39.554 billion in net flows last week, down by $352 million W/W.

Fixed income dominated industry inflows yet again last week. Per ICI's data, an estimated $26.516 billion net flowed into bond funds and ETFs in the week ended October 8 (up by $16.58 billion W/W). $23.894 billion of that (up by $15.22 billion W/W) flowed into taxable bond funds and ETFs, while $2.622 billion (up by $1.36 billion W/W) flowed into municipal bond funds and muni ETFs.

Commodity funds (well, ETFs) brought in an estimated $577 million in net inflows for week ended October 8. That's down by $3.751 billion W/W.

On the flip side, equity funds and ETFs suffered an estimated $3.129 billion in net outflows for the week October 8, a net flows drop of $9.309 billion W/W. Domestic equity funds and ETFs accounted by $3.133 billion of that (an $8.252-billion net flows drop W/W), while world equity funds and ETFs brought in $4 million in net inflows (down by $1.057 billion W/W).

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. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE