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According to Refinitiv Lipper data, U.S. money market funds
received a net $59.31 billion worth of inflows in the week to
March 29. They have received about $273.3 billion worth of
inflows so far this month.
Meanwhile, investors turned net sellers of $20.68 billion worth
of U.S. equity funds after $10.17 billion worth of net purchases
in the previous week.
They exited large, small and mid-cap equity funds of $8.25
billion, $2.43 billion and $1 billion, respectively.
Among sector funds, financials, industrials and consumer staples
saw withdrawals of $931 million, $617 million and $499 million,
respectively, although tech received $926 million worth of
inflows after witnessing outflows for six weeks in a row.
Meanwhile, investors turned net sellers of U.S. bond funds with
disposals of $1.37 billion after about $2.87 billion worth net
purchases in the previous week.
They sold high yield and short/intermediate investment-grade
funds of $2.28 billion and $2.2 billion, respectively, but
government funds drew a net $4.08 billion, marking a seventh
weekly inflow in a row.
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in
Bengaluru; Editing by Krishna Chandra Eluri)
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