U.S. equity funds put up a third weekly outflow

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Economic system27 minutes ago (Apr 29, 2022 07: 25AM ET)

U.S. equity funds post a third weekly outflow
© Reuters. Traders work on the ground of the Novel York Stock Substitute (NYSE) in Novel York City, U.S., April 28, 2022. REUTERS/Brendan McDermid

(Reuters) – U.S. equity funds witnessed a third weekly outflow within the week to April 27 as customers worried about slowing world advise and a extra aggressive Federal Reserve. In step with Refinitiv Lipper data, U.S. customers exited equity funds rate a earn $10.55 billion, which was as soon as a 34% lower weekly outflow, in comparison with the outdated week.

Graphic: Fund flows: US equities bonds and money market funds – https://fingfx.thomsonreuters.com/gfx/mkt/gdvzyanzjpw/Fund%20flows%20US%20equities%20bonds%20and%20money%20market%20funds.jpg

On the opposite hand, better-than-estimated earnings outcomes from some mega cap U.S. firms including Microsoft Corp (NASDAQ:), Visa Inc (NYSE:) and Meta Platforms Inc eased some concerns and capped outflows.

U.S. substantial-cap equity funds drew their first weekly inflow in three weeks, rate $698 million, nonetheless mid- and minute-cap centered funds posted $1.67 billion and $1.74 billion, respectively, in outflows.

U.S. advise funds faced broad outflows for a third consecutive week, amounting $5.13 billion, while rate funds had about $2 billion rate of earn outgo.

Graphic: Fund flows: US advise and rate funds – https://fingfx.thomsonreuters.com/gfx/mkt/zgpomljqepd/Fund%20flows%20US%20advise%20and%20rate%20funds.jpg

Graphic: Fund flows: US equity sector funds – https://fingfx.thomsonreuters.com/gfx/mkt/jnvwerlqrvw/Fund%20flows%20US%20equity%20sector%20funds.jpg

U.S. money market funds drew inflows of $43.11 billion within the ideal weekly earn trying to procure since March 2.

Within the intervening time, U.S. bond funds saw outflows easing to a 3-week low of $4.53 billion.

U.S. municipal bond funds had earn promoting of $3.08 billion and taxable bond funds had outflows of $1.09 billion.

U.S. short/intermediate funding-grade funds posted outflows for a 16th week, rate $3.14 billion, even though unique domestic taxable fastened earnings funds and loan participation funds attracted $1.15 billion and $0.59 billion, respectively, in earn trying to procure.

Inflation-stable funds saw first weekly outflow in nine weeks, rate $319 million.

Graphic: Fund flows: US bond funds – https://fingfx.thomsonreuters.com/gfx/mkt/akvezyndlpr/Fund%20flows%20US%20bond%20funds.jpg

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