Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

U.S. equity funds get first weekly net inflows in three - Lipper

Published 06/18/2021, 09:41 AM
Updated 06/18/2021, 11:46 AM
© Reuters. FILE PHOTO: A man points a computer screen showing stock information in this illustration photo taken in Bordeaux, France, March 30, 2016. REUTERS/Regis Duvignau/File Photo
US500
-

(Reuters) - U.S. equity funds lured capital inflows in the week to Wednesday, after two weeks of outflows, as optimistic investors bet on recovery hopes, ignoring higher inflation levels.

Data from Refinitiv Lipper showed investors bought $386 million worth of U.S. equity funds in the week to June 16, with caution ahead of the Federal Reserve's policy meeting outcome, capping further inflows.

U.S. equity value funds attracted $1.7 billion worth of inflows, while growth funds received a net $1.85 billion, after facing outflows for the past two weeks.

(Graphic: Fund flows into U.S. equities bonds and money market - https://fingfx.thomsonreuters.com/gfx/mkt/jznpnwrlovl/Fund%20flows%20into%20U.S.%20equities%20bonds%20and%20money%20market.jpg)

Among equity sectors, U.S. real estate funds attracted purchases worth a net $528 million, in their third consecutive week of net inflows, bolstered by a surge in housing prices in the United States.

Wall Street's main indexes were jolted earlier this week after the Fed unexpectedly signaled it could begin tapering its massive stimulus sooner than expected, setting the benchmark S&P 500 on course to snap a three-week winning streak.

The U.S. money market funds had $26.4 billion in outflows, the biggest in nine weeks.

(Graphic: Flows into U.S. equity sector fund -https://fingfx.thomsonreuters.com/gfx/mkt/gjnvwmnjdvw/Flows%20into%20U.S.%20equity%20sector%20funds.jpg)

(Graphic: Fund flows into U.S. growth and value funds - https://fingfx.thomsonreuters.com/gfx/mkt/azgpoogagpd/Fund%20flows%20into%20U.S.%20growth%20and%20value%20funds.jpg)

© Reuters. FILE PHOTO: A man points a computer screen showing stock information in this illustration photo taken in Bordeaux, France, March 30, 2016. REUTERS/Regis Duvignau/File Photo

Also, investors purchased a net $4.3 billion in U.S. bond funds, the lowest in three weeks. Both U.S. taxable bond funds and municipal bond funds witnessed the lowest net buying in three weeks at $2.7 billion and $1.65 billion, respectively. U.S. short and intermediate investment-grade funds attracted $2.63 billion in inflows, a 12% increase over the last week. Inflation-protected bond funds, with inflows of $0.8 billion, also lured investors for the seventh straight week.

(Graphic: Flows into U.S. bond funds -https://fingfx.thomsonreuters.com/gfx/mkt/oakvebkebpr/Flows%20into%20U.S.%20bond%20funds.jpg)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.