US fairness funds see greatest influx in six weeks

FILE PHOTO – Merchants work on the ground of the New York Inventory Alternate (NYSE) in New York Metropolis, U.S., January 26, 2022. REUTERS/Brendan McDermid

Feb 11 (Reuters) – U.S. fairness funds lured large inflows within the week to Feb. 9 as upbeat earnings reviews and indicators of easing tensions in Ukraine boosted threat urge for food.

Refinitiv knowledge confirmed U.S. fairness funds drew $14.2 billion of their greatest weekly buy since Dec. 29, in distinction to outflows witnessed within the earlier three weeks.

Fund flows: US equities bonds and cash market funds

In the course of the week, traders took consolation from an upbeat earnings efficiency from U.S. firms together with Inc , KFC-parent Yum Manufacturers Inc (YUM.N), and Enphase Power Inc (ENPH.O), which eased considerations over rising bond yields. learn extra

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Of the 358 S&P 500 firms which have reported earnings to date, 81% beat the consensus internet revenue estimates, Refinitiv knowledge confirmed.

U.S. giant cap funds drew $9.44 billion in internet shopping for, essentially the most in eight weeks, mid-cap funds attracted $0.65 billion, whereas small-caps witnessed outflows of $2.38 billion.

U.S. worth funds gained inflows of $784 million, the largest in three weeks, and development funds noticed internet promoting of $595 million after a weekly influx within the earlier week.

Fund flows: US development and worth funds

Amongst sector funds, financials attracted $1.66 billion, marking the largest influx in 4 weeks, whereas utilities lured $802 million in internet shopping for.

Expertise, well being care and supplies sector funds posted outflows of $640 million, $447 million and $409 million respectively.

Fund flows: US fairness sector funds

U.S. bond funds noticed outflows for a fifth straight week, price $2.8 billion, though a 35% drop over the earlier week.

Buyers offered U.S. taxable bond funds of $2.37 billion in a fifth successive week of internet promoting, whereas outflows kind municipal bond funds eased to a four-week low of $12 million.

U.S. excessive yield and, brief/intermediate investment-grade funds, each witnessed outflows for a fifth consecutive week, price $2.13 billion and $1.63 billion respectively. Mortgage participation funds lured $2.23 billion in internet shopping for.

Fund flows: US bond funds

Buyers offered inflation protected-funds for a 3rd successive week, price $1.21 billion.

In the meantime, U.S. cash market funds witnessed outflows of $33.49 billion, practically twice in contrast with the earlier week.

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Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; enhancing by Barbara Lewis

Our Requirements: The Thomson Reuters Belief Ideas.

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