U.S. equity funds pull first weekly inflow in seven weeks -Breaking
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© Reuters. FILE PHOTO: An trader operates on the New York Stock Exchange (NYSE), in Manhattan, New York City. May 18, 2022. REUTERS/Andrew Kelly(Reuters) – U.S. equity fund net inflows increased in the week ending May 25, as stocks rallied and broke the longest weekly decline streak since the burst of the dotcom bubble. Refinitiv Lipper data showed that U.S. equity funds were purchased by investors for a net $4.61 trillion, marking the first inflow of money since April 6th and the largest since March 23rd.
Graphic: Fund flows: US equities bonds and money market funds – https://fingfx.thomsonreuters.com/gfx/mkt/zdpxowkwavx/Fund%20flows%20US%20equities%20bonds%20and%20money%20market%20funds.jpg
Both the and the have seen their share of gains exceed 3% after losing seven weeks straight, their longest losing streak ever since 2001.
Upbeat outlooks from domestic companies including the largest U.S. lender JPMorgan Chase & Co (NYSE:) and Vans brand owner VF Corp (NYSE:) helped boost sentiment.
First-quarter earnings reports available for 491 of the S&P 500 companies show 78% beat expectations, according to Refinitiv. Net inflows from large-cap U.S. equity fund were $9.35B, the highest in 15 weeks, while net outflows for small and midcap funds were $0.75B and $1.42 billion respectively.
Investors were able to secure value funds in excess of $0.48 Billion after just two weeks, but growth funds saw a weekly outflow of $2.11 Billion.
Graphic: Fund flows: US growth and value funds – https://fingfx.thomsonreuters.com/gfx/mkt/akpezrxrlvr/Fund%20flows%20US%20growth%20and%20value%20funds.jpg
After industrials’ net purchase of $0.77 trillion, tech and finance saw their outflows totaling about $1.2 Billion.
Graphic: Fund flows: US equity sector funds – https://fingfx.thomsonreuters.com/gfx/mkt/lgpdweaedvo/Fund%20flows%20US%20equity%20sector%20funds.jpg
U.S. investors continued to be net buyers of bonds funds in the 20th Week, with $4.94 Billion, even though it was the largest amount in just four weeks.
They purchased U.S. taxable bonds funds in the amount of $4.41 trillion, and $1.21 billion worth municipal funds.
U.S. high yield bond funds and general domestic taxable funds saw net outflows of $4.57 billion and $1.61 billion respectively, but short/intermediate government & treasury and inflation protected funds drew $1.96 billion and $1.04 billion in net inflows.
Graphic: Fund flows: US bond funds – https://fingfx.thomsonreuters.com/gfx/mkt/egvbkwqwzpq/Fund%20flows%20US%20bond%20funds.jpg
U.S. Money Market Funds attracted $44.07 Billion inflows following two weeks’ net selling.
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