March 3 (Reuters) - U.S. equity funds saw huge money
withdrawals in the seven days to March 1 on reinforced worries
about the Federal Reserve's policy tightening after economic
data pointed to stickier-than-expected inflation.
Refinitiv Lipper data showed investors offloaded a net $12.9
billion worth of U.S. equity funds, booking their biggest weekly
disposal since Jan. 4.
Meanwhile, money market funds drew a net $64.86 billion, the
biggest weekly inflow in eight weeks, amid a risk-off mood among
investors.
U.S. large- and mid-cap equity funds faced $6.27 billion and
$267 million worth of outflows, while investors drew $1.32
billion out of the small cap funds, snapping a four-week-long
buying streak.
Healthcare, tech, and utilities lost $797 million, $581
million and $450 million, respectively in net selling, but
industrials obtained about $542 million worth of inflows.
Meanwhile, U.S. bond funds obtained $2.79 billion in inflows
after witnessing two weeks of net selling.
Investors purchased U.S. short/intermediate government &
treasury funds of $4.75 billion, while general domestic taxable
fixed-income funds attracted $1.9 billion worth of inflows.
Still, high-yield funds lost about $2 billion in a third
straight week of outflows.
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Fund flows: US equities, bonds and money market funds Fund flows: US growth and value funds Fund flows: US equity sector funds Fund flows: US bond funds ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in
Bengaluru;)
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