The biggest money market market fund families' net flows more than reversed last month, dwarfing industry long-term fund inflows.

Laurence D. "Larry" Fink BlackRock Chairman, CEO

This article draws from Morningstar Direct data on the 10 biggest money market mutual fund families' flows in the U.S. in January 2022.

Those money market fund families had $3.722 trillion in AUM as of January 31, 2022, accounting for 12.23 percent of all mutual fund and ETF AUM. That compares with $3.841 trillion and 12.04 percent on December 31, 2021 and with $3.456 trillion and 12.71 percent on January 31, 2021.

Only one of the ten biggest money fund firms tracked by the M* team brought in net inflows in January 2022, down from seven in December 2021 and four in January 2021.

Vanguard was the sole money fund inflows winner last month, with an estimated $1.587 billion in January 2022 money fund inflows.

On the flip side, BlackRock took the outflows lead last month among money fund firms, thanks to an estimated $31.71 billion in net January 2022 money fund outflows, down month-over-month from $30.439 billion in December 2021 money fund inflows but up year-over-year from $9.637 billion in January 2021 money fund outflows. Other big January 2022 money fund outflows sufferers included: Federated Hermes, $20.003 billion (down M/M from $14.067 billion in net inflows, up Y/Y from $9.354 billion in net outflows); and Morgan Stanley, $15.482 billion (down M/M from $4.305 billion in net inflows, down Y/Y from $10.839 billion in net inflows).

As a group, the 10 biggest money fund families suffered an estimated $118.831 billion net January 2022 outflows, equivalent to 3.19 percent of their combined AUM and accounting for 108.13 percent of overall industry outflows. That compares with $106.253 billion in net inflows, 2.77 percent of AUM, and 54.8 percent of overall industry inflows in December 2021, and with $5.44 billion in net outflows, and 0.16 percent of AUM in January 2021.

Editor's Note: A prior version of this story mischaracterized the data it draws on. To clarify, this article highlights the money fund flows of the 10 biggest money fund families. 

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