Meanwhile, investors exited $19.78 billion worth of money market funds, their biggest weekly net selling in seven weeks. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Fund flows: US equities, bonds and money market funds Fund flows: US equity sector funds Fund flows: US bond funds ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; editing by Jason Neely)
Feb 10 (Reuters) - 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.
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