U.S. equity funds see lowest inflow in seven weeks on virus worries: Lipper

U.S. equity funds see lowest inflow in seven weeks on virus worries: Lipper

According to Refinitiv Lipper data, U.S. equity funds took in $878 million in the week, the lowest since the week ended March 3.

For a graphic on Flows into U.S. funds:

https://fingfx.thomsonreuters.com/gfx/mkt/nmovaaoydva/flows%20into%20us%20funds.jpg

U.S. major equity indexes, the &P 500 and Dow Jones Industrial Average have slipped from record high levels, led by a slump in travel-related shares on renewed worries over the pandemic.

Among sector funds, tech and healthcare had outflows of $732 million and $663 million respectively.

On the other hand, the financial sector had inflows of $550 million.

For a graphic on Flows into U.S. sector funds:

https://fingfx.thomsonreuters.com/gfx/mkt/yzdvxbgajvx/flows%20into%20us%20sector%20funds.jpg

U.S. money market funds took in $17.6 billion, after seeing big outflows in the previous two weeks, underscoring investors’ preference for safer assets.

U.S. bond funds also had net purchases of $8.4 billion, resulting in a decline in U.S. Treasury yields.

For a graphic on Flows into U.S. bond funds:

https://fingfx.thomsonreuters.com/gfx/mkt/dgkvlykjjpb/flows%20into%20bond%20funds.jpg

U.S. taxable bond funds had $6.2 billion in inflows, while municipal bond funds had inflows of $1.7 billion.

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