Still, U.S. short/intermediate investment-grade, and high yield bond funds faced outflows of $2.24 billion and $1.8 billion, respectively. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Fund flows: US equities bonds and money market funds Fund flows into 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; Editing by Alex Richardson)
March 24 (Reuters) - U.S. equity funds attracted their
first weekly inflow in four weeks in the week to March 22 on
hopes of a pause in the U.S. Federal Reserve's restrictive
interest rate hikes.
Still, money market and government funds drew huge inflows
amid a turmoil in the banking sector after Silicon Valley Bank and Signature Bank failed earlier in the
month.
According to Refinitiv Lipper data, investors purchased a
net $10.19 billon worth of U.S. equity funds, marking their
first weekly net buying since Nov. 16, 2022.
At the same time, U.S. money market funds drew a net $112.1
billion in inflows, the most for a week since April 2020.
Investors also purchased $9.07 billion worth of government bond
funds.
The Federal Reserve raised interest rates by 25 basis points
on Wednesday, but signalled that it might be on the verge of
pausing future interest rate hikes amid recent turmoil in
financial markets.
Among equity funds, investors placed a net $1.33 billion
into growth funds but sold $2.57 billion worth of value funds.
By sector, consumer staples and financials received $539
million and $476 million worth of inflows, but investors exited
$337 million worth of metals & mining.
Meanwhile, investors turned net buyers in U.S. bond funds
with net purchases of $2.96 billion after $811 million worth of
net selling in the previous week.
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