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Tags: equity funds | technology | finance mutual funds

Investors Exit Equity Funds 12th Week in a Row

Investors Exit Equity Funds 12th Week in a Row
(Dreamstime)

Friday, 10 February 2023 07:49 AM EST

Investors continued to withdraw from U.S. equity funds for a 12th straight week in the seven days to Feb. 8 as a report showing robust U.S. job additions in the last month fed fears that the U.S. Federal Reserve would keep raising interest rates this year.

Refinitiv Lipper data showed investors exited a net $474 million worth of U.S. equity funds after disposing of $473 million worth of funds in the previous week.

U.S. large- and mid-cap equity funds saw outflows of $3.82 billion and $675 million, respectively, but investors purchased $2.16 billion worth of small-cap funds.

However, investors accumulated some sector-specific funds, with financials and tech witnessing inflows of $1.22 billion and $430 million, respectively.

Meanwhile, U.S. bond funds continued to obtain inflows for the fifth week, amounting to a net $2.39 billion.

U.S. general domestic taxable fixed income funds obtained $678 million, while short/intermediate investment-grade funds received $1.98 billion, marking a fifth weekly inflow. But investors drew $2.26 billion out of government bond funds.

Meanwhile, investors exited $19.78 billion worth of money market funds, their biggest weekly net selling in seven weeks.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
Investors continued to withdraw from U.S. equity funds for a 12th straight week in the seven days to Feb. 8 as a report showing robust U.S. job additions in the last month fed fears that the U.S. Federal Reserve would keep raising interest rates this year.
equity funds, technology, finance mutual funds
184
2023-49-10
Friday, 10 February 2023 07:49 AM
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