GRAPHIC-Cash inflows into US equity funds explode thanks to rising profits – Lipper


October 29 (Reuters) – U.S. equity funds attracted large inflows in the week to October 27, helped by bullish earnings from large U.S. companies, prompting investors to take some risk by ignoring concerns about higher inflation levels.

According to Lipper’s data, U.S. equity funds attracted investments with a net worth of $ 12.99 billion, the largest since the week of August 18.

Major U.S. stock indexes hit a new high this week, helped by strong third-quarter earnings reported by tech giants Microsoft Corp, owner of Google Alphabet Inc and industrial conglomerate General Electric Co,

Refinitiv data showed that of the 266 S&P 500 companies that have posted earnings so far, 82% have beaten consensus net profit estimates.

The data showed that large-cap equity funds attracted net inflows of $ 11.87 billion, while small-cap funds received a net inflow of $ 287 million. However, mid-cap funds faced outflows of $ 409 million.

U.S. equity growth funds saw net purchases of $ 191 million after witnessing cash outflows for four consecutive weeks, while value funds faced net sales worth $ 1 , 83 billion dollars.

Among sector funds, consumer discretionary, healthcare and tech funds posted inflows of $ 824 million, $ 573 million and $ 232 million respectively, while real estate funds saw a fifth week of growth. releases, with net sales of $ 201 million.

At the same time, inflows into US bond funds fell more than 55% to $ 2.9 billion.

U.S. taxable bond funds received a net amount of $ 3.27 billion from $ 6.34 billion the previous week, while U.S. municipal bond funds received a net amount of $ 225 million.

US short / mid-range investment-grade funds faced outflows of $ 2.05 billion, compared to inflows worth $ 1.72 billion the week before. However, inflows to inflation-protected funds nearly doubled to $ 1.83 billion, the data showed.

Meanwhile, US money market funds received a net $ 4.24 billion after three straight weeks of cash outflows.

Report by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Shailesh Kuber

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