Oct 24 (Reuters) - U.S. equity funds saw robust inflows
in the week through October 22 bolstered by optimism over a
broadly upbeat quarterly earnings season so far.
Easing U.S.-China trade tensions, with trade talks between U.S.
President Donald Trump and Chinese President Xi Jinping planned
for the next week, also supported sentiments.
Investors bought a net $9.65 billion worth of U.S. equity
funds during the week, after two weeks of net outflows, data
from LSEG Lipper showed.
A generally upbeat earnings season so far with strong results
from General Motors ( GM ), Coca-Cola and 3M ( MMM ), in
the most recent week, renewed investor appetite for equity
funds.
Weekly net investments in technology sector funds jumped to
a three-week high of $1.38 billion. Industrial and consumer
staples sectors also received a notable of $805 million and $586
million, respectively.
U.S. bond funds attracted $8.4 billion, with investors
logging a third weekly net purchase.
Short-to-intermediate investment-grade funds stood out as
these funds received $3.63 billion, the largest weekly inflow
since July 2.
Municipal debt funds and general domestic taxable fixed
income funds also witnessed $1.12 billion and $556 million worth
of inflows, respectively.
Investors, meanwhile, pumped $22.81 billion into U.S. money
market funds as they registered a fourth weekly net purchase in
five weeks.