Nov 25 (Reuters) - U.S. money market funds attracted
significant inflows while equity funds recorded outflows in the
week to November 23 amid investor caution ahead of the release
of minutes from the Federal Reserve's latest meeting.
The new COVID-19 restrictions in China also increased
According to data from Refinitiv Lipper, U.S. money market
funds had purchases worth $16.4 billion after two weeks of net
selling. Still, equity funds recorded outflows of $8.6 billion
after obtaining inflows worth $16.74 billion in the previous
Investors exited both U.S. equity growth and value funds,
withdrawing $4.58 billion and $3.17 billion, respectively, after
being net buyers in each segment in the previous week.
By sector, financials, tech and consumer discretionary lost
$533 million, $389 million and $326 million, respectively,
although consumer staples and healthcare had inflows of about
$500 million each.
Meanwhile, U.S. bond funds posted outflows of $189 million,
although that was the smallest weekly net selling in three
U.S. municipal bond funds had outflows of $632 million after
a weekly inflow of $513 billion, while taxable bond funds had
$331 million worth of net buying.
Investors disposed of $2.68 billion short/intermediate
investment-grade funds, marking the most significant weekly
outflow in four weeks. They also withdrew $545 million and $327
million from loan participation and general domestic taxable
Meanwhile, U.S. high-yield bond funds secured $2.16 billion
investment in a fifth successive week of inflows, while
government bond funds received a net $234 million worth of
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in
Bengaluru;Editing by Elaine Hardcastle)