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U.S. equity funds receive big inflows as investors downgrade Omicron impact -Lipper -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – People pass the New York Stock Exchange in Manhattan, New York City (USA), August 9, 2021. REUTERS/Andrew Kelly

(Reuters] – U.S. Equity funds saw strong inflows during the week ending Dec. 29, as investors noted that Omicron coronavirus won’t be a significant setback for the economy.

Refinitiv Lipper data indicates that U.S. equity funds attracted net purchases worth $19.43 billion compared to their weekly average inflow of $2.3 Billion this year.

Graphic: Fund flows: U.S. equities, bonds and money market funds- https://fingfx.thomsonreuters.com/gfx/mkt/myvmnbnqqpr/Fund%20flows%20U.S.%20equities%20bonds%20and%20money%20market%20funds.jpg

Wall Street’s major indexes saw solid gains this week. Both the Dow and Omicron rose to record levels on Thursday thanks to early Omicron case studies that showed a decreased risk of being admitted, which eased fears about Omicron’s effect on the economy.

Reports suggesting strong holiday sales in the United States also helped boost sentiment.

U.S. value and growth funds posted net inflows of $7.69 billion each and $2.36 trillion, respectively.

Graphic: Fund flows: US growth and value funds- https://fingfx.thomsonreuters.com/gfx/mkt/movanwnbzpa/Fund%20flows%20US%20growth%20and%20value%20funds.jpg

Sector funds saw inflows from financials and real property funds of $1.2 billion, $785 million, respectively. However, tech and consumer staples funds experienced outflows between $592 million to $413 million.

Graphic: Fund flows: US equity sector funds- https://fingfx.thomsonreuters.com/gfx/mkt/gkvlgbgqkpb/Fund%20flows%20US%20equity%20sector%20funds.jpg

U.S. bonds funds received $6.31 billion in inflows, the largest weekly inflow they have seen in seven weeks.

U.S. tax bond funds were purchased by investors for $5.27 trillion, the largest weekly inflow since Nov. 10. Municipal bond funds had net purchases of $1.13 billion.

The U.S. domestic general taxable fixed income fund drew $1.93 billion inflows, their largest single week. U.S. short/intermediate and treasury fund and inflation protected funds attracted $637 million and $929 million, respectively.

Graphic: https://fingfx.thomsonreuters.com/gfx/mkt/zdvxoqojepx/Fund%20flows%20US%20bond%20funds.jpg

The net purchase of U.S. money markets funds was $32.71 Billion, the largest weekly inflow since Oct. 27,

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