US bond funds receive larger inflows in the week to August 25 – Lipper

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Reuters monetary stimulus.

FILE PHOTO: A trader works in the dealing room of the New York Stock Exchange (NYSE) in Manhattan, New York, United States, August 9, 2021. REUTERS / Andrew Kelly / File Photo

Lipper’s data showed U.S. bond funds had net inflows of $ 7.47 billion in the week, a 16% increase from inflows the week before.

The fund invests in US equity bonds and the money market

The July Fed meeting minutes released last week showed that most policymakers expect the Fed to start cutting its bond purchases this year, although consumer confidence and the data economies have weakened since that meeting.

U.S. municipal bond funds drew a net $ 1.73 billion against inflows of $ 1.78 billion the week before, and U.S. taxable bond funds received about $ 6 billion, a jump of 28 % compared to the previous week.

U.S. Government and Treasury bond funds generated a net amount of $ 766 million, marking the first in every three weekly inflows, while taxable domestic bond funds saw their net purchases increase 6% from the previous week to reach $ 2.47 billion.

Flows in US bond funds

Meanwhile, investors sold US equity funds with a net worth of $ 6.46 billion, despite a rally in stocks that pushed Wall Street to new highs.

US large-cap funds saw net outflows of $ 4.74 billion and US small and mid-cap funds also faced net sales.

Among equity sector funds, investors sold metals and mining sector funds for $ 416 million, their largest net outflow in five weeks, although tech funds received $ 1.3 billion net, their largest weekly entry in five weeks.

US money market funds received net inflows worth $ 2.03 billion during the week.

Funds flowing to US growth and value funds

Flows in US Equity Sector Funds

Report by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by David Holmes


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