U.S. equity funds post a third weekly outflow

div classBodysc17zpet90 cdBBJodivpReuters – U.S. equity funds witnessed a third weekly outflow in the week to April 27 as investors worried about slowing global growth and a more aggressive Federal Reserve. According to Refinitiv Lipper data, U.S. investors exited equity funds worth a net 10.55 billion, which was a 34 lower weekly outflow, compared with the previous week.p

pHowever, betterthanestimated earnings results from some mega cap U.S. companies including Microsoft Corp, Visa Inc and Meta Platforms Inc eased some concerns and capped outflows. p

pU.S. largecap equity funds drew their first weekly inflow in three weeks, worth 698 million, but mid and smallcap focused funds posted 1.67 billion and 1.74 billion, respectively, in outflows. p

pU.S. growth funds faced massive outflows for a third consecutive week, amounting 5.13 billion, while value funds had about 2 billion worth of net outgo. p

ppU.S. money market funds drew inflows of 43.11 billion in the biggest weekly net buying since March 2. p

pMeanwhile, U.S. bond funds saw outflows easing to a threeweek low of 4.53 billion. p

pU.S. municipal bond funds had net selling of 3.08 billion and taxable bond funds had outflows of 1.09 billion. p

pU.S. shortintermediate investmentgrade funds posted outflows for a 16th week, worth 3.14 billion, although general domestic taxable fixed income funds and loan participation funds attracted 1.15 billion and 0.59 billion, respectively, in net buying. p

pInflationprotected funds saw first weekly outflow in nine weeks, worth 319 million.