April 5 (Reuters) - U.S. investors pulled back from
equity funds in the week ending April 3, marking an end to a
five-week buying streak, prompted by concerns over Federal
Reserve's interest rate cuts following recent robust
manufacturing and labour market data.
According to LSEG data, investors liquidated a net $3.28
billion worth of U.S. equity funds in their first weekly net
selling since Feb. 21.
They withdrew a net $2.63 billion out of U.S. large-cap
funds, ending a five-weeks-long buying trend. U.S. multi-,
small-, and mid-cap funds also witnessed disposals, amounting to
$1.19 billion, $215 million and $118 million, respectively.
The healthcare, consumer staples, and utilities sectors
logged a net $543 million, $219 million and $215 million worth
of outflow during the week. Conversely, communication services,
and metals & mining sectors saw $339 million and $269 million
worth of net accumulation.
In the debt funds market, investors extended purchases into
a second successive week as they accumulated about $7.24 billion
worth of U.S. bond funds.
U.S. short/intermediate investment-grade funds gained a
significant $4.57 billion during the week, the highest since
Feb. 7.
U.S. general domestic taxable fixed income, loan
participation, and short/intermediate government & treasury
funds meanwhile, secured $1.85 billion, $689 million and $313
million, respectively in inflows.
Money market funds, meanwhile received a sharp $70.01
billion during the week, the most in a week since Jan. 3.