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According to Refinitiv Lipper data, investors offloaded U.S.
bond funds worth $8.39 billion in the 19th straight week of net
selling.
(Graphic- Fund flows: US equities bonds and money market funds:
https://fingfx.thomsonreuters.com/
gfx/mkt/akvezrmgmpr/Fund%20flows%20US%20equities%20bonds%20and%20money%20market%20funds.jpg)
U.S. Federal Reserve Chairman Jerome Powell said this week that
the central bank will "keep pushing" to tighten U.S. monetary
policy until it is clear that inflation is declining.
Investors sold U.S. municipal bond funds worth $3.05 billion in
their biggest disposal in three weeks and exited taxable funds
worth $5.52 billion.
U.S. high yield bond funds saw $2.93 billion worth of
liquidation, which was the biggest weekly net selling in five
weeks, and short/intermediate investment-grade funds posted
outflows of $3.74 billion.
Meanwhile, U.S. short/intermediate government & treasury funds
obtained inflows for a second straight week, worth $3.4 billion.
U.S. equity funds suffered a sixth consecutive week of outflow,
amounting to $3.85 billion, although selling reduced 54%
compared with a week ago.
U.S. large-cap equity funds received inflows of $2.59 billion
after five straight weeks of net selling, but small- and mid-cap
funds faced outflows of $1.83 billion and $0.69 billion
respectively.
U.S. growth and value funds, both witnessed net selling of $1.7
billion and $200 million, respectively.
Among sector funds, financials, and consumer discretionary
posted outflows of $1.34 billion and $0.61 billion, but
utilities and healthcare lured inflows worth $0.78 billion and
$0.69 billion.
Meanwhile, investors drew $20.31 billion out of U.S. money
market funds as selling continued for a second week in a row.
(Reporting by Gaurav Dogra and Patturaja Murugaboopathyin
Bengaluru; Editing by Hugh Lawson)
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