According to data from Refinitiv Lipper, U.S. equity funds obtained a net $16.65 billion, the biggest weekly inflow since Dec. 29.
GRAPHIC: Fund flows: US equities, bonds and money market funds – https://fingfx.thomsonreuters.com/gfx/mkt/dwvkdreqgpm/Fund%20flows%20US%20equities%20bonds%20and%20money%20market%20funds.jpg
The S&P 500 surged 5.9% last week while the tech- heavy Nasdaq Composite jumped 8.8% to mark its best week since Nov. 2020, as economic data released last week showed that U.S. consumer prices rose less than expected in October. The U.S. large-cap funds attracted $10.08 billion in their biggest weekly net buying since Dec. 1, while small- and mid-cap funds also obtained $2.08 billion and $94 million worth of inflows, respectively. By sector, healthcare funds secured $1.17 billion in a fifth straight week of net buying, while tech, industrials and financials had weekly inflows of $737 million, $723 million and $567 million, respectively.
GRAPHIC: Fund flows: US equity sector funds – https://fingfx.thomsonreuters.com/gfx/mkt/zjpqjkwdkvx/Fund%20flows%20US%20equity%20sector%20funds.jpg
Meanwhile, U.S. bond funds saw outflows of $662 million, as selling continued for a ninth straight week. Investors sold U.S. taxable bond funds of $999 million after two weeks of net buying in a row, but municipal bond funds recorded inflows worth $513 million. U.S. general domestic taxable fixed income and short/intermediate investment-grade funds suffered outflows of $2.43 billion and $1.93 billion, respectively, but high-yield funds notched a fourth weekly inflow, worth $2.83 billion. U.S. government bond funds also attracted inflows for a second straight week, amounting to $1.9 billion.
GRAPHIC: Fund flows: US bond funds – https://fingfx.thomsonreuters.com/gfx/mkt/gkplwgdqdvb/Fund%20flows%20US%20bond%20funds.jpg
Meanwhile, money market funds posted a second straight week of outflows, valued at $3.75 billion.
GRAPHIC: Fund flows: US growth and value funds – https://fingfx.thomsonreuters.com/gfx/mkt/mypmonkqgpr/Fund%20flows%20US%20growth%20and%20value%20funds.jpg
Source: Economy - investing.com
