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According to LSEG data, investors poured a massive $47.48
billion into U.S. money market funds in the largest weekly
inflow since April 3, while simultaneously offloading $7.39
billion in equities, ending a three-week buying streak.
Last week, a weaker-than-expected U.S. payrolls report and
disappointing manufacturing data raised concerns about the
economy's health, fueling a further sell-off in stock markets.
U.S. investors withdrew $2.42 billion from small-cap funds,
breaking a streak of three consecutive weeks of net purchases.
Meanwhile, U.S. mid-cap and multi-cap funds saw outflows of $400
million and $382 million, respectively, although large-cap funds
attracted $1.68 billion in net purchases.
By sector, financials saw a significant outflow of $1.36 billion
as investors turned net sellers after three weeks of net
purchases. Technology and communication services sectors also
experienced notable outflows, totaling $657 million and $521
million, respectively
Demand for U.S. bond funds also cooled during the week as they
received just $452 million, the smallest amount for a week in
10.
Investors dumped a sharp $3.07 billion worth of loan
participation funds, registering the largest weekly net sales
since at least October 2020. Conversely, short/intermediate
investment-grade, and municipal debt funds gained $1.31 billion
and $674 million worth of inflows.
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in
Bengaluru; editing by Jonathan Oatis)
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