According to Refinitiv Lipper data, U.S. bond funds obtained a net $9.37 billion in purchases, the biggest weekly inflow since Sept. 1.
GRAPHIC:Fund flows: US equities bonds and money market funds (https://fingfx.thomsonreuters.com/gfx/mkt/jnpwenyzapw/Fund%20flows%20US%20equities%20bonds%20and%20money%20market%20funds.jpg)
The U.S. gross domestic product fell at a 0.9% annualized rate in the second quarter, while the growth in U.S. factory activity weakened to a two-year low in July, data released during the reported week showed, casting worries about the economy.
Due to those concerns, the 10-year benchmark yield hit a four-month low of 2.516% earlier this week.
U.S. government and municipal bond funds obtained $2.83 billion in inflows after a weekly outflow, while high yield and general domestic taxable fixed income funds received a net $3.7 billion and $2.61 billion, respectively.
GRAPHIC:Fund flows: US bond funds (
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U.S. equity funds recorded outflows of $6.84 billion, which compares with purchases of $688 million in the previous week.
Investors sold U.S. large- and mid-cap funds of $8.95 billion and $152 million, respectively, but small-cap funds gained $1.17 billion in inflows. Both equity growth and value funds witnessed disposals of about $1.7 billion each.
GRAPHIC:Fund flows: US growth and value funds (
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U.S. sector specific funds, however, witnessed some purchases with consumer discretionary and financials attracting $790 million and $541 million, respectively.
GRAPHIC:Fund flows: US equity sector funds (
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Meanwhile, investors withdrew $9.4 billion out of money market funds after four straight weeks of net purchases.
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Shailesh Kuber)
