March 17 (Reuters) - U.S. money market funds attracted
their biggest weekly inflows in nearly three years in the week
to March 15 as investors pulled out of risk assets and fled for
safety on fears of a fallout from the recent collapse of three
U.S. banks.
However, fund infusion by large U.S. banks into the troubled
San Francisco-based First Republic Bank on Thursday, eased some
worries.
According to Refinitiv Lipper data, investors accumulated a
net $108.17 billion worth of U.S. money market funds, clocking
their biggest weekly net purchase since April 2020. They also
secured $7.49 billion worth of government bond funds.
Meanwhile, U.S. equity funds recorded money withdrawals
worth $17.12 billion during the week, the most since Jan. 4.
Investors sold $9.74 billion and $1 billion worth of large-,
and mid-cap equity finds, respectively, though small-cap funds
attracted just $97 million.
Industrials and real estate funds each suffered about $200
million worth of net selling, while investors also pulled $333
million out of healthcare funds. Meanwhile, consumer
discretionary funds obtained a net $512 million in inflows.
Meanwhile, U.S. bond funds saw a net $831 million worth of
withdrawals after two weeks of net buying in a row.
Investors exited U.S. short/intermediate investment-grade,
high yield, and loan participation funds worth $4.1 billion,
$1.8 billion, and $1.67 billion, while securing U.S.
short/intermediate government and treasury funds of $5.46
billion.
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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 Vinay Dwivedi)
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