U.S. money market funds see biggest weekly outflow in nine months -Lipper By Reuters
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(Reuters) – U.S. money market funds faced big outflows in the week to Sept. 15 as risk sentiment improved on eased fears over high inflation and an early tapering of stimulus measures by the U.S. central bank after data showed a slowing in the pace of consumer price increases. The largest outflow since December 16th was recorded by Lipper.
Graphic: Fund flows into U.S. equities, bonds and money market funds: https://fingfx.thomsonreuters.com/gfx/mkt/jnpweyxdmpw/Fund%20flows%20into%20U.S.%20equities%20bonds%20and%20money%20market%20funds.jpg
The core measure of U.S. consumer prices edged up 0.1% last month, the smallest gain since February. As it plans to decrease its vast bond holdings and decide when rates will rise from nearly zero, the Federal Reserve has some breathing room thanks to August’s slowdown.
U.S. equity fund outflows of $1.83 trillion in the past week have resulted in a net 5.54 billion.
U.S. equity values funds attracted $1.28 Billion, while growth funds received $208 M, each after experiencing an outflow the week before.
Real estate and technology funds generated net flows of $383 million and $435 million, respectively. Financials however saw an outflow amounting to $845 million.
Graphic: Flows into US equity sector funds: https://fingfx.thomsonreuters.com/gfx/mkt/lbpgngbagvq/Flows%20into%20US%20equity%20sector%20funds.jpg
Graphic: Fund flows into U.S. growth and value funds: https://fingfx.thomsonreuters.com/gfx/mkt/klvykgdwnvg/Fund%20flows%20into%20U.S.%20growth%20and%20value%20funds.jpg
U.S. bond funds attracted a net $5.56 billion, which marked a ninth consecutive week of inflows. U.S. intermediate/short investment-grade funds experienced a double increase in flows to $2.07 Billion, while purchases of U.S. municipal bonds funds soared 27% at $1.06 Billion. But, the amount of money spent on inflation-protected funds fell to $574 million.
Graphic: Flows into US bond funds: https://fingfx.thomsonreuters.com/gfx/mkt/dwpkrdewkvm/Flows%20into%20US%20bond%20funds.jpg
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