financetom
Economy
financetom
/
Economy
/
US equity funds see outflows as rate cut hopes fade
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US equity funds see outflows as rate cut hopes fade
Apr 12, 2024 7:05 AM

(Reuters) - U.S. equity funds witnessed outflows for a second successive week in the seven days to April 10 as investors weighed the possibility of the Federal Reserve keeping rates higher for longer following recent robust readings on inflation and U.S. payrolls.

According to LSEG data, investors shed a net $2.73 billion worth of U.S. equity funds during the week after about $3.24 billion worth of net disposals in the week before.

By segment, U.S. large-cap funds faced $5.28 billion worth of net selling, the sharpest since January 10. U.S. mid-cap funds also had $506 million in outflows but small-, and multi-cap funds received $1.92 billion and $1.43 billion, respectively in inflows.

The technology sector lost $750 million in its first weekly outflow since February 21. Healthcare and consumer staples sectors, meanwhile, witnessed $1.07 billion and $464 million worth of net withdrawals.

By contrast, U.S. bond funds garnered about $6.25 billion in net purchases during the week, extending inflows into a third successive week.

U.S. short/intermediate investment-grade funds remained in demand for the 17th consecutive week, gaining about $3.4 billion worth of inflows on a net basis.

U.S. short/intermediate government & treasury, and loan participation funds also witnessed $1.54 billion and $663 million worth of net purchases, respectively.

Money market funds, meanwhile, saw $34.98 billion worth of net selling during the week, a third weekly outflow in four weeks.

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Dollar Rises Early Tuesday Ahead of Busy Data Calendar; Powell to Speak in Afternoon
US Dollar Rises Early Tuesday Ahead of Busy Data Calendar; Powell to Speak in Afternoon
Sep 23, 2025
07:52 AM EDT, 09/23/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday ahead of a busy day of economic data releases and appearances by Federal Reserve officials, particularly Fed Chairman Jerome Powell. Current account data for Q2 and the Philadelphia Fed's nonmanufacturing reading for September are due to be released at 8:30 am ET,...
Chicago Fed releases interim unemployment estimate, with September at 4.3%
Chicago Fed releases interim unemployment estimate, with September at 4.3%
Sep 23, 2025
WASHINGTON (Reuters) -The Chicago Federal Reserve said on Tuesday it had combined government and private data into a new estimate of the unemployment rate that would give policymakers faster-moving, twice monthly updates of a statistic central to the central bank's current interest rate debate. The new real-time set of labor market statistics, relying on the government's Current Population Survey along...
Powell, Miran among slew of Fed officials speaking this week as policy shifts
Powell, Miran among slew of Fed officials speaking this week as policy shifts
Sep 22, 2025
WASHINGTON (Reuters) -U.S. Federal Reserve officials this week are set to accelerate the debate over whether to cut interest rates again in just over five weeks with at least a dozen policymakers speaking, including Chair Jerome Powell and new Governor Stephen Miran continuing a heavy public schedule just days into his new role. If the Fed chatter is thick it...
Chicago Fed releases interim unemployment estimate, with September at 4.3%
Chicago Fed releases interim unemployment estimate, with September at 4.3%
Sep 23, 2025
WASHINGTON (Reuters) -The Chicago Federal Reserve said on Tuesday it had combined government and private data into a new estimate of the unemployment rate that would give policymakers faster-moving, twice monthly updates of a statistic central to the central bank's current interest rate debate. The new real-time set of labor market statistics, relying on the government's Current Population Survey along...
Copyright 2023-2026 - www.financetom.com All Rights Reserved