US Equity Funds Receive Entry During Week Until Jan 5 | Invest News


(Reuters) – U.S. equity funds received large inflows for the third week in a row in the seven days leading up to Jan.5, although the buy rate slowed as Federal Reserve minutes pushed up expectations, interest rates would rise faster than previously thought.

Refinitiv Lipper data revealed that investors bought U.S. equity funds for $ 8.98 billion, down from inflows of $ 18.55 billion the previous week.

For a related chart on Fund Flows: US Equity Bonds and Money Market Funds, click https://fingfx.thomsonreuters.com/gfx/mkt/dwvkrkzaapm/Fund%20flows%20US%20equities%20bonds%20and % 20money% 20market% 20funds .jpg

The S&P 500 and the Dow Jones hit an all-time high earlier this week and Apple Inc became the first company to reach a market cap of $ 3 trillion.

Optimism shattered after the minutes of the last Federal Reserve meeting raised expectations of a faster-than-expected rise in US interest rates.

Among sector funds, financial services, real estate and health care attracted $ 1.19 billion, $ 0.65 billion and $ 0.36 billion, respectively. In contrast, tech funds posted outflows of $ 0.59 billion.

For a related fund flow chart: US equity sector funds, click https://fingfx.thomsonreuters.com/gfx/mkt/jnpwejawrpw/Fund%20flows%20US%20equity%20sector%20funds.jpg

U.S. value funds attracted $ 1.21 billion and posted a third straight week of inflows, while growth funds faced outflows of $ 712 million after two straight weeks of net buying.

For a related chart on Fund Flows: US Growth & Value Funds, click https://fingfx.thomsonreuters.com/gfx/mkt/zgvomanrevd/Fund%20flows%20US%20growth%20and%20value%20funds. jpg

U.S. bond funds attracted $ 9.42 billion in net purchases, their biggest weekly inflow since September 1, 2021.

Investors bought taxable U.S. bond funds for $ 7.8 billion, up 65% from the previous week, while municipal bond funds recorded net purchases worth $ 1.13 billion, most important in four months.

For a related chart on Fund Flows: US Bond Funds, click https://fingfx.thomsonreuters.com/gfx/mkt/akpezeoalvr/Fund%20flows%20US%20bond%20funds.jpg

U.S. money market funds posted outflows of $ 1.44 billion after buying $ 34.6 billion the week before.

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; editing by Barbara Lewis)

Copyright 2022 Thomson Reuters.


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