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US equity funds enjoy big cash flow thanks to Omicron’s anxiety relief

A sign for Wall Street is seen in the financial district in New York
FILE PHOTO: A sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. REUTERS / Brendan McDermid

December 24, 2021

(Reuters) – U.S. equity funds saw large inflows in the week ending Dec. 22, helped by easing concerns about the Omicron variant and strong earnings from some big companies like Nike and Micron Technology.

According to Refinitiv Lipper data, investors bought $27.55 billion worth of US hedge funds and $22.96 billion into money market funds.

Image: Weekly inflows into US mutual funds by asset class: https://graphics.reuters.com/USA-MARKETS/byprjqzxwpe/chart.png

Wall Street’s main indexes posted solid gains this week, with the S&P 500 index marking a record high on Thursday.

Graphics: US equity sector fund flows: https://graphics.reuters.com/USA-STOCKS/egvbkozbzpq/chart.png

Meanwhile, US bond funds pulled in $1.5 billion in the week, compared with massive outflows the previous week.

Image: US bond fund flow: https://graphics.reuters.com/USA-BONDS/gkplglrqlvb/chart.png

(Reporting by Patturaja Murugaboopathy; Editing by Pravin Char)

https://www.oann.com/u-s-equity-funds-enjoy-big-inflows-on-easing-omicron-worries/?utm_source=rss&utm_medium=rss&utm_campaign=u-s-equity-funds-enjoy-big-inflows-on-easing-omicron-worries US equity funds enjoy big cash flow thanks to Omicron’s anxiety relief

Bobby Allyn

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