ETFs posted the strongest week since June 2015
ETF inflows accelerated significantly w/w driven by an acceleration in US Equity ETFs. LT MF outflows deteriorated due to softening bond fund inflows.
Executive summary: Long-term mutual fund outflows accelerated slightly w/w according to the latest data from EPFR Global. Deteriorating flows w/w were driven largely by a softening of bond fund inflows as domestic taxable, international taxable and munis all saw muted inflows. Domestic equity funds continued to see outflows, as all style categories generated outflows for the fourth consecutive week. International equity funds saw improved outflows as
EM inflected to inflows w/w. Balanced funds remained in outflows for the 14th consecutive week. ETF inflows accelerated this week driven primarily by a surge in US Equity flows, while US bond ETFs also experienced strong inflows w/w.
Mutual fund flows by product: Net long-term outflows from (in order): Domestic equity, international equity, and balanced funds; partially offset by inflows to international taxable fixed income, munis and domestic taxable fixed income funds. Money market funds posted net inflows.
ETF flows: Inflows overall in the latest week (and inflows YTD), with inflows to equity ETFs and bond ETFs.