Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexCryptocurrenciesCybersecurityPress Releases

U.S. equity funds notch up biggest weekly inflow in seven weeks

08/12/2022 | 09:32am EDT
Trader works on the floor of the NYSE in New York

(Reuters) - Investors were net buyers of U.S. equity funds in the week to Aug. 10, on bets that the Federal Reserve would slow the pace of its interest rate hikes as inflation concerns subside.

Refinitiv Lipper data showed $4.21 billion in net purchases of U.S. equity funds, their biggest weekly inflow since June 22.

GRAPHIC: Fund flows: US equities, bonds and money market funds (https://fingfx.thomsonreuters.com/gfx/mkt/gdpzyoklovw/Fund%20flows%20US%20equities%20bonds%20and%20money%20market%20funds.jpg)

Data released on Wednesday showed U.S. consumer prices were unchanged in July, prompting some traders to cut bets to a 50 bps hike at the Fed's September meeting.

Some market participants were earlier anticipating a third straight 75 bps interest rate increase in September.

U.S. small-cap funds attracted $192 million, while large-cap funds had purchases of $7.6 billion, the biggest inflow since May 25. Mid-cap funds recorded $294 million of net selling.

Data for growth and value funds showed investors acquired funds totalling $2.46 billion and $26 million respectively.

GRAPHIC: Fund flows: US growth and value funds (

)

U.S. consumer staples and healthcare funds notched up inflows of $487 million and $345 million respectively, but tech funds saw outflows of $852 million.

GRAPHIC: Fund flows: US equity sector funds (

)

Meanwhile, bond funds witnessed inflows of $1.15 billion, as purchases continued for a second straight week.

U.S. bond fund purchases were broadly into government funds, with U.S. government and treasury fixed income funds, and U.S. short/intermediate government and treasury funds attracting $1.88 billion and $540 million, respectively.

GRAPHIC: Fund flows: US bond funds (

)

Money market funds had disposals of $12.19 billion as net selling continued for a second week.

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Alexander Smith)


© Reuters 2022
Latest news "Economy & Forex"
02:08pU.N. pushes for global fertilizer price cut to avoid 'future crisis'
RE
02:06pLondon's Heathrow to lift daily passenger cap in late October -WSJ
RE
02:00pBrazil economy ministry forecasts 2022 imports of $274.9 bln (vs…
RE
02:00pBrazil economy ministry forecasts 2022 exports of $330.3 bln (vs…
RE
02:00pBrazil economy ministry forecasts 2022 trade balance of $+55.4 b…
RE
02:00pBrazil september exports total $28.950 bln, imports $24.957 bln…
RE
02:00pBrazil posts september trade balance of $+3.994 bln - economy mi…
RE
01:58pNvidia says it is ceasing all activities in Russia, relocating employees
RE
01:57pFactbox-Credit Suisse's scandals - spies, lies and money laundering
RE
01:56pStocks up, yields retreat as investors eye slower manufacturing
RE
Latest news "Economy & Forex"