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U.S. equity funds enjoy big inflows on easing Omicron worries

Published 12/24/2021, 01:34 PM
Updated 12/24/2021, 01:35 PM
© Reuters. FILE PHOTO: A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021.  REUTERS/Brendan McDermid

(Reuters) - U.S. equity funds saw big inflows in the week ended Dec. 22, supported by easing fears over the Omicron variant and strong earnings from some big companies such as Nike (NYSE:NKE) and Micron Technology (NASDAQ:MU).

According to Refinitiv Lipper data, investors bought $27.55 billion worth of U.S. equity funds, and $22.96 billion in money market funds.

Graphic: Weekly flows into U.S. mutual funds by asset type: https://graphics.reuters.com/USA-MARKETS/byprjqzxwpe/chart.png

Wall Street's main indexes posted solid gains this week, with the S&P 500 marking a record high on Thursday.

Graphic: Flows into U.S. equity sector funds: https://graphics.reuters.com/USA-STOCKS/egvbkozbzpq/chart.png

Meanwhile, U.S. bond funds attracted $1.5 billion in the week, compared with big outflows the previous week.

Graphic: Flows into U.S. bond funds: https://graphics.reuters.com/USA-BONDS/gkplglrqlvb/chart.png

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