U.S. money market funds see biggest weekly outflow in nine months -Lipper
Reuters
Published Sep 17, 2021 09:27AM ET
(Reuters) - U.S. money market funds faced big outflows in the week to Sept. 15 as risk sentiment improved on eased fears over high inflation and an early tapering of stimulus measures by the U.S. central bank after data showed a slowing in the pace of consumer price increases. Data from Lipper showed U.S. money market funds saw an outflow of $43.34 billion in the week to Wednesday, the largest since Dec. 16.
Graphic: Fund flows into U.S. equities, bonds and money market funds: https://fingfx.thomsonreuters.com/gfx/mkt/jnpweyxdmpw/Fund%20flows%20into%20U.S.%20equities%20bonds%20and%20money%20market%20funds.jpg
The core measure of U.S. consumer prices edged up 0.1% last month, the smallest gain since February. The August slowdown gives the Federal Reserve breathing room as it prepares to reduce its massive bond holdings and decide how soon to begin lifting rates from near zero.
Meanwhile, U.S. equity funds attracted a net $5.54 billion after seeing outflows worth $1.83 billion in the previous week.
U.S. equity value funds lured a net $1.28 billion, and growth funds received a net $208 million, after each saw an outflow in the previous week.
Among equity sector funds, technology and real estate funds secured a net $435 million and $383 million respectively, though financials had an outflow of $845 million.
Graphic: Flows into US equity sector funds: https://fingfx.thomsonreuters.com/gfx/mkt/lbpgngbagvq/Flows%20into%20US%20equity%20sector%20funds.jpg
Graphic: Fund flows into U.S. growth and value funds: https://fingfx.thomsonreuters.com/gfx/mkt/klvykgdwnvg/Fund%20flows%20into%20U.S.%20growth%20and%20value%20funds.jpg
U.S. bond funds attracted a net $5.56 billion, which marked a ninth consecutive week of inflows. U.S. short/intermediate investment-grade funds saw a twofold increase in inflows to $2.07 billion and purchases in U.S. municipal debt funds surged 27% to $1.06 billion. However, buying in inflation-protected funds nearly halved to $574 million.
Graphic: Flows into US bond funds: https://fingfx.thomsonreuters.com/gfx/mkt/dwpkrdewkvm/Flows%20into%20US%20bond%20funds.jpg
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.