Aug 19 (Reuters) - U.S. equity funds attracted their biggest
weekly inflow in eight weeks in the week to Aug. 17 as strong
earnings and hints of a slowing pace of inflation fanned
According to Refinitiv Lipper data, U.S. equity funds drew
$6.85 billion worth of net buying, the most since June 22.
During the reported week, data showed U.S. producer prices
declined last month and import prices dipped for the first time
in seven months, indicating that U.S. inflation may finally be
coming off the boil.
Stronger-than-expected results from Walmart and Home Depot
also bolstered views on consumers' ability to spend and lifted
U.S. large- and small-cap funds pulled net inflows of $2.13
billion and $1.4 billion, respectively, but mid-cap funds
recorded an 11th week of net outflows, this time for $391
Financials and tech saw heavy buying, at a net $1.37 billion
and $1.06 billion respectively, while consumer staples attracted
a net $516 million.
Investors remained long on bond funds for a third straight
week with net purchases of $2.87 billion.
Purchases of U.S. taxable bond funds surged by about 64%
from a week ago to a net $2.98 billion but municipal funds
recorded a second weekly outflow, of $446 million.
U.S. short/intermediate investment-grade, general domestic
taxable fixed income and high-yield bond funds attracted a net
$1.41 billion, $1.26 billion and $1.21 billion respectively.
Meanwhile, investors exited short/intermediate government &
treasury funds to the tune of $1.67 billion.
Money market funds attracted $1.57 billion worth of net
inflows after two consecutive weeks of outflows.
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in
Bengaluru; Editing by Kirsten Donovan)