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ETF sales slow while mutual fund inflows pick up in February

Balanced mutual fund net sales rose from $3.1 billion in January to $5.1 billion last month. In the same time frame, net sales of equity mutual funds increased from $2.9 billion to $4.6 billion.

Meanwhile, bond mutual funds grew from $366 million in net inflows in January to $155 in net outflows for February.

On the ETF side, AUM at the end of February was $317.1 billion; Balanced ETFs had $12.2 billion, while equity and bond ETFs had $206 billion and $78.5 billion, respectively. Compared to January 2022, assets increased by about $200 million, or 0.1%.

In February, the ETF saw net sales of $4 billion, reflecting a slowdown compared to $4.7 billion collected in the first month of 2022.

Balanced ETF net inflows declined from $301 million in January to $251 million last month; Net sales in equity ETFs also declined from $4.3 billion to $3.1 billion, though they continued to drive ETF inflows heavily.

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