Weekly New Cash Flows - Yardeni Research

US Mutual Funds: Weekly New Cash Flows

Yardeni Research, Inc.

February 9, 2022

Dr. Edward Yardeni

516-972-7683 eyardeni@

Debbie Johnson

480-664-1333 djohnson@

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Table Of Contents Table Of Contents

Equity Fund Flows (weekly) Bond Fund Flows (weekly) ETF Fund Flows (weekly) Total Equity & Bond Fund Flows (13-week) Equity Fund Flows (13-week) Bond Fund Flows (13-week) All Equity & Bond Fund Flows (13-week)

1-2 3 4 5 6 7

8-11

February 9, 2022 / Weekly New Cash Flows

Yardeni Research, Inc.



Equity Fund Flows (weekly)

Figure 1.

20

EQUITY MUTUAL FUNDS: ICI ESTIMATED 15 WEEKLY NET NEW CASH FLOW* 10 (billion dollars)

20

2/2

15

10

5

5

0

0

-5

-5

-10

-10

-15

-15

-20

-20

-25

Total Equity Funds (15.6)

-25

-30

-30

-35

-35

-40

-40

-45

-45

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

15

2/2

15

10

10

5

5

0

0

-5

-5

-10

-10

-15

-15

-20

-20

-25

Domestic Equity Funds (14.7)

-25

-30

-30

-35

-35

-40

-40

-45

-45

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

10

10

5

5

2/2

0

0

-5

-5

-10

-10

Foreign Equity Funds (1.0)

-15

-15

-20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

*ICI's weekly cash flows are estimated while actual net new cash flows are collected on a monthly basis. Source: Investment Company Institute.

2019

2020

-20

2021 2022

Page 1 / February 9, 2022 / Weekly New Cash Flows

Yardeni Research, Inc.



Equity Fund Flows (weekly)

Figure 2.

60

EQUITY MUTUAL FUNDS & EXCHANGE TRADED FUNDS: 50 ICI ESTIMATED WEEKLY NET NEW CASH FLOW*

40 (billion dollars) 30

Total Equity Funds (17.4)

20

10

0

-10

-20

-30

-40

-50

-60 2013

2014

2015

2016

2017

2018

2019

2020

60

Domestic Equity Funds (14.7) 40

20

0

-20

-40 2013

20

2014

2015

2016

2017

2018

2019

2020

Foreign Equity Funds (2.7)

10

0

60

50

40

30

2/2

20

10

0

-10

-20

-30

-40

-50

2021

-60 2022

60

40

20 2/2

0

-20

2021

-40 2022

20

10

2/2 0

-10

-10

-20 2013

2014

2015

2016

2017

2018

2019

*ICI's weekly cash flows are estimated while actual net new cash flows are collected on a monthly basis. Source: Investment Company Institute.

2020

2021

-20

2022

Page 2 / February 9, 2022 / Weekly New Cash Flows

Yardeni Research, Inc.



Bond Fund Flows (weekly)

Figure 3.

60

BOND MUTUAL FUNDS & EXCHANGE TRADED FUNDS: 40 ICI ESTIMATED WEEKLY NET NEW CASH FLOW*

20 (billion dollars)

0

-20

-40

-60

-80

-100

Total Bonds (-19.9)

-120

-140

-160 2013

2014

2015

2016

2017

2018

2019

2020

50

60 40

20

0

2/2

-20

-40

-60

-80

-100

-120

-140

2021

-160 2022

50

0

0

2/2

-50

Taxable Bonds (-15.6)

-50

-100 2013

10

2014

2015

2016

2017

2018

2019

2020

2021

-100 2022

10

0

0

2/2

-10

-10

Municipal Bonds (-4.3)

-20

-20

-30 2013

2014

2015

2016

2017

2018

2019

*ICI's weekly cash flows are estimated while actual net new cash flows are collected on a monthly basis. Source: Investment Company Institute.

2020

2021

-30

2022

Page 3 / February 9, 2022 / Weekly New Cash Flows

Yardeni Research, Inc.



ETF Fund Flows (weekly)

Figure 4.

60

EQUITY MUTUAL FUNDS: ICI ESTIMATED 50 WEEKLY ETF NET NEW CASH FLOW*

(billion dollars) 40

30

20

10

0

-10

-20 Total Equity Funds (1.8)

-30

-40 2013

2014

2015

2016

2017

2018

2019

2020

60

60

50

40

30

20

10

2/2

0

-10

-20

-30

2021

-40 2022

60

40

40

20

20

0

2/2

0

-20

-20

Domestic Equity Funds (0.0)

-40 2013

2014

2015

2016

2017

2018

2019

2020

2021

-40 2022

15

15

10

10

5

5

2/2

0

0

-5

World Equity Funds (1.8)

-10 2013

2014

2015

2016

2017

2018

2019

*ICI's weekly cash flows are estimated while actual net new cash flows are collected on a monthly basis. Source: Investment Company Institute.

2020

-5

2021

-10

2022

Page 4 / February 9, 2022 / Weekly New Cash Flows

Yardeni Research, Inc.



Total Equity & Bond Fund Flows (13-week)

Figure 5.

400

400

TOTAL EQUITY MUTUAL FUNDS: ICI ESTIMATED

300 WEEKLY NET NEW CASH FLOW*

300

(billion dollars, 13-week moving average,

200 annualized)

200

100

100

0

0

-100

-100

-200

-200

-300

-300

-400

2/2

-400

-500

-500

-600

-600

-700

-700

-800

-800

-900 -1000

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021 2022

-900 -1000

* ICI's weekly cash flows are estimated while actual net new cash flows are collected on a monthly basis. Source: Investment Company Institute.

Figure 6.

1000

1000

TOTAL BOND MUTUAL FUNDS: ICI ESTIMATED

WEEKLY NET NEW CASH FLOW*

800 (billion dollars, 13-week moving average, annualized)

800

600

600

400

400

200

200

0

0

2/2

-200

-200

-400

-400

-600

-600

-800

-1000

2008 2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

* ICI's weekly cash flows are estimated while actual net new cash flows are collected on a monthly basis. Source: Investment Company Institute.

2019

2020

2021

2022

-800 -1000

Page 5 / February 9, 2022 / Weekly New Cash Flows

Yardeni Research, Inc.



Equity Fund Flows (13-week)

Figure 7.

300

300

DOMESTIC EQUITY MUTUAL FUNDS: ICI ESTIMATED

WEEKLY NET NEW CASH FLOW*

200 (billion dollars, 13-week moving average, annualized)

200

100

100

0

0

-100

-100

-200

-200

-300

-300

2/2

-400

-400

-500

-500

-600

-600

-700

-700

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

* ICI's weekly cash flows are estimated while actual net new cash flows are collected on a monthly basis. Source: Investment Company Institute.

Figure 8.

250

250

FOREIGN EQUITY MUTUAL FUNDS: ICI ESTIMATED

200 WEEKLY NET NEW CASH FLOW*

200

(billion dollars, 13-week moving average,

150 annualized)

150

100

100

50

50

0

2/2

0

-50

-50

-100

-100

-150

-150

-200

-200

-250

-250

-300

-300

-350

-350

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

* ICI's weekly cash flows are estimated while actual net new cash flows are collected on a monthly basis. Source: Investment Company Institute.

Page 6 / February 9, 2022 / Weekly New Cash Flows

Yardeni Research, Inc.



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