U.S. equity funds see a big jump in weekly inflows -Lipper – Metro US

U.S. equity funds see a big jump in weekly inflows -Lipper

Spire CEO Peter Platzer walks on the trading floor of
Spire CEO Peter Platzer walks on the trading floor of the New York Stock Exchange (NYSE) during their listing in Manhattan, New York City

(Reuters) – U.S. equity funds secured their biggest inflow in nearly two months in the week to Aug. 18, boosted by optimism over corporate profits and a rebound in the U.S. economy.

Data from Lipper showed U.S. equity funds lured inflows of $13.28 billion in the week, compared with just $2.4 billion in the previous week.

U.S. value funds attracted $3.88 billion, the biggest in five months, while U.S. growth funds faced outflows worth $2.42 billion.

Graphic: Fund flows into U.S. equities bonds and money market funds, https://fingfx.thomsonreuters.com/gfx/mkt/mopannlobva/Fund%20flows%20into%20U.S.%20equities%20bonds%20and%20money%20market.jpg

“Growth equity funds redemption heightened, resulting in a reversal to ‘value over growth’ for the first time since June,” said Jefferies in a report.

U.S. large-cap funds took the lion’s share of inflows, obtaining $7.74 billion, while mid-cap and small-cap funds witnessed outflows.

U.S. stock indexes touched a fresh peak earlier this week, driven by positive earnings. However, they dropped later deterred by weak retail sales data.

Meanwhile, U.S. bond funds saw inflows worth $6.07 billion, though it was 25% less than the previous week.

Graphic: Fund flows into U.S. growth and value funds, https://fingfx.thomsonreuters.com/gfx/mkt/znvneekmopl/Fund%20flows%20into%20U.S.%20growth%20and%20value%20funds.jpg

Graphic: Flows into U.S. equity sector funds, https://fingfx.thomsonreuters.com/gfx/mkt/zdpxoonggvx/Flows%20into%20U.S.%20equity%20sector%20funds.jpg

U.S. short and intermediate investment-grade funds pulled a net $3.3 billion, while U.S. municipal and government debt funds received $1.5 billion.

U.S. money market funds also received inflows worth $10.8 billion, marking a second consecutive inflow.

Graphic: Flows into U.S. bond funds, https://fingfx.thomsonreuters.com/gfx/mkt/gdpzyydagvw/Flows%20into%20U.S.%20bond%20funds.jpg

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Steve Orlofsky)