Economic news

U.S. equity funds pull first weekly inflow in seven weeks

2022.05.27 15:16

U.S. equity funds pull first weekly inflow in seven weeks
FILE PHOTO: A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 18, 2022. REUTERS/Andrew Kelly

(Reuters) – U.S. equity funds attracted net inflows in the week to May 25 as shares rallied, with stock markets breaking the longest streak of weekly declines since the dotcom bubble burst. According to Refinitiv Lipper data, investors purchased U.S. equity funds worth a net $4.61 billion, the first weekly inflow since April 6 and the biggest since March 23.

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

The S&P 500 and the Nasdaq Composite, have both gained more than 3% this week after seven straight weeks of losses, their longest losing streak since 2001.

Upbeat outlooks from domestic companies including the largest U.S. lender JPMorgan Chase & Co (NYSE:JPM) and Vans brand owner VF Corp (NYSE:VFC) helped boost sentiment.

First-quarter earnings reports available for 491 of the S&P 500 companies show 78% beat expectations, according to Refinitiv. U.S. large-cap equity funds drew net inflows of $9.35 billion, the biggest in 15-weeks, but small- and mid-cap funds saw net outflows of $1.42 billion and $0.75 billion respectively.

Investors secured value funds of $0.48 billion after two weeks of sales but growth funds posted a seventh weekly outflow worth $2.11 billion.

Graphic: Fund flows: US growth and value funds – https://fingfx.thomsonreuters.com/gfx/mkt/akpezrxrlvr/Fund%20flows%20US%20growth%20and%20value%20funds.jpg

While industrials attracted $0.77 billion in net buying, financials and tech suffered outflows of about $1.2 billion each.

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

U.S. investors remained net sellers of bond funds for a 20th week, to the tune of $4.94 billion, albeit the smallest amount in four weeks.

They sold U.S. taxable bond funds worth $4.41 billion and municipal funds worth $1.21 billion.

U.S. high yield bond funds and general domestic taxable funds saw net outflows of $4.57 billion and $1.61 billion respectively, but short/intermediate government & treasury and inflation protected funds drew $1.96 billion and $1.04 billion in net inflows.

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

U.S. money market funds attracted $44.07 billion worth of inflows after two weeks of net selling.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 84,361.60 2.93%
ethereum
Ethereum (ETH) $ 1,927.77 1.81%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.45 6.92%
bnb
BNB (BNB) $ 592.69 1.64%
solana
Solana (SOL) $ 134.07 7.46%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.750552 6.09%
dogecoin
Dogecoin (DOGE) $ 0.174087 3.24%
tron
TRON (TRX) $ 0.222513 1.45%
staked-ether
Lido Staked Ether (STETH) $ 1,926.42 1.96%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,173.55 3.02%
pi-network
Pi Network (PI) $ 1.44 14.02%
chainlink
Chainlink (LINK) $ 14.10 5.74%
leo-token
LEO Token (LEO) $ 9.76 0.52%
stellar
Stellar (XLM) $ 0.279941 2.40%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,310.20 2.18%
usds
USDS (USDS) $ 0.999958 0.00%
hedera-hashgraph
Hedera (HBAR) $ 0.195097 2.81%
avalanche-2
Avalanche (AVAX) $ 18.81 0.91%
sui
Sui (SUI) $ 2.41 10.85%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 3.52%
the-open-network
Toncoin (TON) $ 2.96 5.92%
litecoin
Litecoin (LTC) $ 91.86 3.30%
bitcoin-cash
Bitcoin Cash (BCH) $ 333.87 1.99%
polkadot
Polkadot (DOT) $ 4.29 6.57%
mantra-dao
MANTRA (OM) $ 6.37 1.43%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.09%
weth
WETH (WETH) $ 1,927.87 1.97%
bitget-token
Bitget Token (BGB) $ 4.43 5.51%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.09%
hyperliquid
Hyperliquid (HYPE) $ 14.48 10.00%
whitebit
WhiteBIT Coin (WBT) $ 28.48 1.17%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,048.41 2.03%
monero
Monero (XMR) $ 211.38 1.68%
uniswap
Uniswap (UNI) $ 6.14 4.14%
susds
sUSDS (SUSDS) $ 1.04 0.07%
aptos
Aptos (APT) $ 5.31 3.17%
dai
Dai (DAI) $ 0.999965 0.01%
near
NEAR Protocol (NEAR) $ 2.65 0.41%
pepe
Pepe (PEPE) $ 0.000007 3.24%
ondo-finance
Ondo (ONDO) $ 0.880811 4.63%
okb
OKB (OKB) $ 45.91 9.00%
internet-computer
Internet Computer (ICP) $ 5.71 4.01%
ethereum-classic
Ethereum Classic (ETC) $ 18.08 0.71%
aave
Aave (AAVE) $ 176.17 6.67%
gatechain-token
Gate (GT) $ 21.51 4.60%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,361.60 2.98%
mantle
Mantle (MNT) $ 0.733752 1.71%
official-trump
Official Trump (TRUMP) $ 12.07 3.40%