US equity mutual funds saw outflows of $8.4 billion during the week ended July 24th, an increase from the previous week's $6.7 billion outflows,” Jefferies highlighted in a recent note.
Meanwhile, US equity ETFs saw inflows of $19.4 billion, although this was a drop from last week's $35.6 billion inflows, marking the 14th consecutive week of inflows.
International mutual funds had outflows of $1.1 billion, improving from the prior week's $2.3 billion outflows.
However, international equity exchange-traded funds (ETFs) reported outflows of $0.4 billion, reversing last week's inflows of $56 million and "breaking the 12-week streak of consecutive international equity ETF inflows,” Jefferies analysts noted.
In the fixed-income sector, taxable bond mutual funds had inflows of $1.1 billion, down from $1.6 billion the previous week.
Municipal bond mutual funds saw inflows of $0.4 billion, an increase from $0.3 billion last week.
Taxable bond ETFs recorded $6.9 billion in inflows, a decline from the $12.3 billion reported last week. Municipal bond ETFs had inflows of $0.6 billion, a decrease from $0.8 billion last week. Passive fixed income has seen consecutive inflows for the past 14 weeks.
Money market funds reported significant outflows of $23.7 billion, compared to last week's $0.5 billion outflows.
Separately, recent data showed that US funds accumulated $44 billion in June, slightly down from May's intake but continuing their inflow trend that started in November 2023.
In the first half of 2024, US funds amassed $266 billion, a marked improvement from the $30 billion collected in the second half of 2023, yet still considerably less than the figures from 2020 and the first half of 2021.