Meanwhile, bond mutual funds experienced $349 million in inflows last month. This marked a dramatic improvement from December, when the category saw net redemptions of $1.4 billion.
The ETF’s total net sales last month stood at $5.1 billion, compared to $5.6 billion in December 2021 and $4 billion in January 2021.
Bond ETFs lost $150 million in redemptions in January, a sharp reversal from December when they took in $1.2 billion. Equity ETFs continued to lead the way with sales of $4.7 billion, up from $3.3 billion in December.
At the end of January 2022, mutual fund assets totaled $2.021 trillion. Compared to December 2021, assets declined by $55.3 billion, or 2.7%.
Meanwhile, the ETF ended January with $342.5 billion in assets. Compared to December 2021, assets declined by $4.6 billion, or 1.3%.