U.S. Equity Funds Experience Significant Inflows as Optimism in Earnings Enhances Risk Appetite
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U.S. equity funds received very strong inflows in the week that ended on October 22 and that was mainly due to the general good mood regarding the earnings season so far, which was a good lifting of the U.S.-China trade war.
Mediation has helped the trading climate and the U.S. and Chinese presidents’ upcoming meeting is planned for next week.
According to LSEG Lipper, the investors poured a net amount of $9.65 billion into U.S. equity funds, reversing the trend of the previous two weeks when there was net withdrawal of funds.
The quarterly earnings season turned out to be positive which among others brought strong results from General Motors, Coca-Cola, and 3M, and last week backup the equity funds again.
The week saw net investments in funds related to the technology sector increase to a three-week high of $1.38 billion. Also, the industrial and the consumer staples sectors received notable inflows of $805 million and $586 million, respectively.
The U.S. bond market attracted $8.4 billion in the third week of investors net buying.
The short-to-intermediate investment-grade funds were the main ones as they counted $3.63 billion, the largest weekly inflow since July 2.
Other debt funds were the municipal debt funds and the general domestic taxable fixed income that who received $1.12 and $556 million, respectively.
On the other hand, the investors have made a total deposit of $22.81 billion each in the U.S. money market funds as they have net purchases registered for the fourth week in five weeks.
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