U.S. equity funds see biggest outflow in six weeks -Lipper

  • 7/23/2021
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(Reuters) - U.S. equity funds recorded a large net outflow in the week to July 21, as rising COVID-19 infections caused by the Delta variant of the coronavirus revived fears of renewed shutdowns and an economic slowdown. According to Refinitiv Lipper data, investors sold a net $10.4 billion in U.S. equity funds in the week, the most in six weeks. The United States is seeing large COVID-19 outbreaks in parts of the country with low vaccination rates, leading to a surge in hospitalizations and deaths in recent weeks. Graphic: Fund flows into U.S. equities bonds and money market: Financial sector funds saw net selling of $2.4 billion, while other cyclical sectors such as industrials and mining funds also posted outflows. Tech sector funds drew in $1.6 billion, the biggest weekly net inflow in five months. Investors bought U.S. government and municipal funds worth a net $3.1 billion in the week. Graphic: Fund flows into U.S. growth and value funds: Graphic: Flows into U.S. equity sector funds: On the other hand, U.S high-yield bond funds saw outflows of $1 billion. U.S. money market funds received a net $4.64 billion, after six straight weeks of inflows. Graphic: Flows into U.S. bond funds:

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