U.S. equity funds see their third successive weekly inflow- Lipper

  • 8/13/2021
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(Reuters) - U.S. equity funds saw their third successive money inflows in the week to Aug. 11, boosted by strong second-quarter earnings, positive economic data and passage of an infrastructure bill. Data from Lipper showed U.S. equity funds had attracted inflows worth $2.67 billion in the week. About 73% of U.S. firms have beaten analysts’ profit estimates in the second quarter, posting an average growth of 130% so far, according to Refinitiv data. (GRAPHIC: Fund flows into U.S. equities bonds and money market - ) U.S. growth funds had inflows worth $1.1 billion after seeing outflows in the previous week, while outflows from U.S. value funds reduced sharply. Among sector funds, financial sector funds lured a net $1.4 billion, the biggest weekly inflow in over two months. U.S. stock indexes climbed higher this week, helped by the U.S. Senate’s passage of a $1 trillion bipartisan infrastructure package. The bill, which now heads to the House of Representatives, could provide the nation’s biggest investment in decades in roads, bridges, airports and waterways. (GRAPHIC: Fund flows into U.S. growth and value funds - ) (GRAPHIC: Flows into U.S. equity sector funds - ) Meanwhile, U.S. bond funds pulled investments worth a net $8.05 billion, a 23% increase over the previous week. U.S. inflation-protected funds obtained $535 million, which was their third consecutive inflow. On the other hand, U.S. mortgage funds faced outflows worth $552 million, which was their sixth straight week of net selling. U.S. money market funds received inflows of $10.2 billion in the week, underscoring lingering coronavirus concerns. (GRAPHIC: Flows into U.S. bond funds - )

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