U.S. equity funds receive big inflows as investors downgrade Omicron impact -Lipper By Reuters
© Reuters. FILE PHOTO: People walk by the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 9, 2021. REUTERS/Andrew Kelly
(Reuters) – U.S. equity funds received robust inflows for a second week in the seven days to Dec. 29 as investors welcomed signs that the Omicron coronavirus variant won’t bring a big setback to the economy.
According to Refinitiv Lipper data, U.S. equity funds lured net purchases of $19.43 billion, compared with their average weekly inflow of $2.3 billion, received 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 main indexes posted solid gains this week. The and the Dow marked a record high on Thursday as some early studies on Omicron cases pointed to a reduced risk of hospitalization, easing concerns about the variant’s impact on the economy.
Sentiments were also boosted by reports suggesting that U.S. retailers’ holiday sales were strong.
U.S. growth and value funds both posted a second straight week of inflows with net purchases of $7.69 billion and $2.36 billion respectively.
Graphic: Fund flows: US growth and value funds- https://fingfx.thomsonreuters.com/gfx/mkt/movanwnbzpa/Fund%20flows%20US%20growth%20and%20value%20funds.jpg
Among sector funds, financials and real estate funds drew inflows of $1.2 billion and $785 million respectively, although tech and consumer staples funds witnessed outflows of $592 million and $413 million respectively.
Graphic: Fund flows: US equity sector funds- https://fingfx.thomsonreuters.com/gfx/mkt/gkvlgbgqkpb/Fund%20flows%20US%20equity%20sector%20funds.jpg
U.S. bond funds secured inflows of $6.31 billion, their biggest weekly inflow in seven weeks.
Investors purchased U.S. taxable bond funds of $5.27 billion, marking the biggest weekly inflow since Nov. 10, while municipal bond funds saw net buying worth $1.13 billion.
U.S. general domestic taxable fixed income funds drew inflows of $1.93 billion, the largest in seven weeks. U.S. short/intermediate government and treasury funds and inflation protected funds attracted $929 million and $637 million respectively.
Graphic: https://fingfx.thomsonreuters.com/gfx/mkt/zdvxoqojepx/Fund%20flows%20US%20bond%20funds.jpg
Meanwhile, U.S. money market funds saw net purchases worth $32.71 billion, their biggest weekly inflow since Oct. 27.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
