MutualFundWire.com: Inflows Slip 44 Percent to $17.5B

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Friday, November 19, 2021

Inflows Slip 44 Percent to $17.5B

Industry inflows fell 44 percent this week, thanks to a slip in bond fund inflows and a swing to outflows from equity funds, according to the latest data from the Lipper team at Refinitiv.

Tom Roseen
Refinitiv Lipper
Head of Research Services

In the U.S. Weekly FundFlowsInsight report for the week ending November 17 (i.e. Wednesday), Tom Roseen, head of research services at Refinitiv Lipper, reveals that $17.5 billion net flowed into mutual funds and ETFs in the U.S. this week. That's the industry's fifth week of net inflows in a row, down from $31.1 billion last week.

Money market funds brought in $11.9 billion in net inflows this week, up from $11 billion last week. Taxable bond funds brought in $4.7 billion in net inflows, down from $10.1 billion. And tax-exempt bond funds brought in $1.4 billion in net inflows, down from $1.9 billion. Equity funds, on the other hand, suffered $465 million in net outflows this week, down from $8.3 billion in net inflows last week.

Equity ETFs brought in $1.8 billion in net inflows this week, their seventh week in a row of net inflows, down from $10.2 billion last week. Conventional (i.e. non-ETF) equity funds suffered another $2.2 billion in net outflows this week; it was their sixth week of outflows in a row, up from $1.9 billion.

Within conventional equity funds, domestic equity funds suffered $2.7 billion in net outflows this week, their 21st week in a row of net outflows and level with last week. And conventional non-domestic equity funds brought in $437 million in net inflows this week, their second week in a row of net inflows, down from $820 million.

On the fixed income side, taxable bond ETFs brought in $2.4 billion in net inflows this week, their sixth week of inflows in a row. And muni bond ETFs suffered $56 million in net outflows, their first week of outflows in 38 weeks.

Conventional taxable bond funds brought in $2.3 billion in net inflows this week, their sixth week of inflows in a row. And conventional muni bond funds brought in $1.5 billion in net inflows, their fourth week of inflows in a row.

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