Given the inflationary environment, funds like the Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) are also benefiting from the mutual fund exodus. Mutual funds have witnessed $446 billion in outflows this year, largely driven by the Fed’s response to inflation. In a phone interview with Bloomberg Sean Collins, chief economist at the Investment Company Institute, said, “the Fed meets and tells the world at 2 p.m. what they’re going to do.