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
The S&P 500 and the Nasdaq Composite, have both gained more than 3% this week after seven straight weeks of losses, their longest losing streak since 2001.
Upbeat outlooks from domestic companies including the largest U.S. lender JPMorgan Chase & Co (NYSE:JPM) and Vans brand owner VF Corp (NYSE:VFC) helped boost sentiment.
First-quarter earnings reports available for 491 of the S&P 500 companies show 78% beat expectations, according to Refinitiv. U.S. large-cap equity funds drew net inflows of $9.35 billion, the biggest in 15-weeks, but small- and mid-cap funds saw net outflows of $1.42 billion and $0.75 billion respectively.
Investors secured value funds of $0.48 billion after two weeks of sales but growth funds posted a seventh weekly outflow worth $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
While industrials attracted $0.77 billion in net buying, financials and tech suffered outflows of about $1.2 billion each.
Graphic: Fund flows: US equity sector funds – https://fingfx.thomsonreuters.com/gfx/mkt/lgpdweaedvo/Fund%20flows%20US%20equity%20sector%20funds.jpg
U.S. investors remained net sellers of bond funds for a 20th week, to the tune of $4.94 billion, albeit the smallest amount in four weeks.
They sold U.S. taxable bond funds worth $4.41 billion and municipal funds worth $1.21 billion.
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 worth of inflows after two weeks of net selling.
Source: Economy - investing.com
