Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Passive Equities Have Their Worst Week In Six Years Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 21, 2024

Passive Equities Have Their Worst Week In Six Years

Reported by Neil Anderson, Managing Editor

Index funds and ETFs that focus on stocks just had their worst week in more than six years, suffering $3.4 billion in net outflows, according to the latest flows data from the LSEG Lipper team.

In the U.S. Weekly FundFlows Insight report for the week ending June 19, 2024 (i.e. Wednesday), the LSEG Lipper team confirms that $30 billion net flowed out of mutual funds and ETFs in the U.S. this week. It's the industry's first week of outflows in three weeks, a $36.3-billion net flows drop from last week. Long-term (i.e. non-money-market) funds suffered $6.5 billion in net outflows this week, down by $7.5 billion week-over-week.

Taxable fixed income funds led the inflows pack this week, bringing in $1.5 billion in net inflows, down by $4.3 billion W/W. Other inflows winners this week included: alternatives funds, $797 million in net inflows (up by $533 million W/W); and tax-exempt fixed income funds, $16 million in net inflows (down $138 million W/W).

On the flip side, money market funds suffered $23.5 billion in net outflows this week, a $43.8-billion net flows drop W/W. Other outflows sufferers this week included: equity funds, $7.4 billion (down by $12.4 billion W/W); commodities funds, $697 million (up by $637 million W/W); and mixed-assets funds, $293 million (down by $59 million W/W).

Equity ETFs suffered $1.6 billion in net outflows this week. It was their third week of outflows in four weeks, down by $13.1 billion W/W.

This week's biggest equity ETF winner was BlackRock's iShares S&P 500 Core ETF (IVV). The fund brought in $18.1 billion in net inflows.

Conventional equity funds suffered $5.1 billion in net outflows this week. It was their 123rd week of outflows in a row, up by $600 million W/W.

Taxable fixed income ETFs brought in $3.2 billion in net inflows this week. It was their sixth week of inflows in seven weeks, down by $3.6 billion W/W.

This week's taxable fixed income ETF winner, for a second week running, was the iShares 20+ Year Treasury Bond ETF (TLT). The fund brought in $481 million in net inflows, down by $1.019 billion W/W.

Conventional taxable fixed income funds suffered $1.6 billion in net outflows this week. It was their eighth week of outflows in ten weeks, up by $500 million W/W.

Municipal bond ETFs brought in $150 million in net inflows this week. It was their third consecutive week of inflows and their seventh in the last ten weeks, down by $109 million W/W.

Conventional muni bond funds suffered $134 million in net outflows this week. It was their seventh week of outflows in ten weeks, up by $29 million W/W. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use