US equity funds see strong inflows this week amid bond pressure, draw $11.72 billion from investors
US investors bought equities for a second week, encouraged by corporate earnings and easing inflation. However, a bond market selloff and rising oil prices created market pressures. Investors added over eleven billion dollars to US equity funds,...
By ETMarkets.com | Updated:
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US large-cap equity funds attracted the most investments at $9.58 billion, while multi-cap funds received $1.36 billion during the week.
US equity funds saw strong investor demand for the second consecutive week encouraged by strong earnings and easing inflation, as investors poured in a net $11.72 billion till August 19, marking the largest weekly inflow since July 29. The buying came despite pressure from rising bond selloff and higher oil prices as a result of a delay in deal over the Iran war during the week, Reuters reported.
Anthropic's strong revenue growth forecastearlier this week reinforced fund investors’ optimism over a solid earnings season. About 85% of the 468 S&P 500 companies that have reported results surpassed average analyst expectations, as per LSEG data that Reuters reported.
Investors are now awaiting Nvidia’s results next week for indications of demand for AI infrastructure and data-centre revenue.
US large-cap equity funds attracted $9.58 billion, while multi-cap funds received $1.36 billion during the week. In contrast, investors withdrew $809 million from mid-cap funds and $70 million from small-cap funds.
US sector funds recorded net outflows of $3.1 billion. Financial funds lost $1.87 billion, consumer staples funds shed $623 million and industrial funds saw withdrawals of $444 million. Technology funds, however, attracted $287 million.
US bond funds received net inflows of $9.92 billion during the week, their largest weekly total since July 15.
Investors allocated $2.63 billion to general domestic taxable fixed-income funds, $1.93 billion to short-to-intermediate investment-grade funds and $1.93 billion to short-to-intermediate government and Treasury funds.
Money market funds posted net outflows of $3.57 billion, bringing a two-week run of inflows to an end.
Meanwhile, major US indexes were on the rise on Friday after rising Treasury yields and a rally in crude oil prices weakened risk appetite a day earlier. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were up 0.81%, 0.41% and 0.35%, respectively.
(Disclaimer: This article is based on inputs from agencies. These do not represent the views of The Economic Times)
Anthropic's strong revenue growth forecastearlier this week reinforced fund investors’ optimism over a solid earnings season. About 85% of the 468 S&P 500 companies that have reported results surpassed average analyst expectations, as per LSEG data that Reuters reported.
Investors are now awaiting Nvidia’s results next week for indications of demand for AI infrastructure and data-centre revenue.
US large-cap equity funds attracted $9.58 billion, while multi-cap funds received $1.36 billion during the week. In contrast, investors withdrew $809 million from mid-cap funds and $70 million from small-cap funds.
US sector funds recorded net outflows of $3.1 billion. Financial funds lost $1.87 billion, consumer staples funds shed $623 million and industrial funds saw withdrawals of $444 million. Technology funds, however, attracted $287 million.
US bond funds received net inflows of $9.92 billion during the week, their largest weekly total since July 15.
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Investors allocated $2.63 billion to general domestic taxable fixed-income funds, $1.93 billion to short-to-intermediate investment-grade funds and $1.93 billion to short-to-intermediate government and Treasury funds.
Money market funds posted net outflows of $3.57 billion, bringing a two-week run of inflows to an end.
Meanwhile, major US indexes were on the rise on Friday after rising Treasury yields and a rally in crude oil prices weakened risk appetite a day earlier. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were up 0.81%, 0.41% and 0.35%, respectively.
(Disclaimer: This article is based on inputs from agencies. These do not represent the views of The Economic Times)
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