MutualFundWire.com: Long-Term Outflows Jump to $16B, But ...

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Friday, March 3, 2023

Long-Term Outflows Jump to $16B, But ...

Net outflows from long-term funds more than doubled this week, yet money fund inflows jumped tenfold, 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 March 1, 2023 (i.e. Wednesday), Jack Fischer, senior research analyst at Refintiv Lipper, reveals that $38.8 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's second week of inflows in three weeks, up from $2.1 billion in net outflows last week. Long-term (i.e. non-money market) funds suffered $16.105 billion in net outflows this week, up from $7.5 billion.

Money market funds brought in $55 billion in net inflows this week. That's up from $5.4 billion last week.

On the flip side, equity funds suffered $13.5 billion in net outflows this week, up from $7.5 billion last week. Taxable fixed income funds suffered $1.7 billion in net outflows (up from $295 million last week), and tax-exempt fixed income funds suffered $905 million in net outflows (down from $1.7 billion).

Equity ETFs suffered $7.6 billion in net outflows this week. It was their second week of outflows in a row and their largest since December.

This week's biggest equity ETF winner was the JPMorgan: Equity Premium Income ETF (JEPI, with $511 million in net inflows.

Conventional (i.e. non-ETF) equity funds suffered $6 billion in net outflows this week. It was their 56th week of outflows in a row.

Fixed income ETFs suffered $1.7 billion in net outflows this week. It was their third week of outflows in four weeks.

This week's biggest taxable fixed income ETF was BlackRock's iShares: Bloomberg 1-3 Month T-Bill ETF (TBIL, with $1.6 billion in net inflows.

Municipal bond ETFs suffered $265 million in net outflows this week. That's their sixth week of outflows in a row, down from $368 million last week.

Conventional taxable fixed income funds suffered $3.4 million in net outflows this week. It was their second week of outflows in a row, up from $610 million last week.

Conventional muni bond funds suffered $640 million in net outflows this week. It was their second week of outflows in a row, down from $1.3 billion last week.

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