Sept 18 (Reuters) – US equity funds recorded outflows for a fourth consecutive week in the week to September \u200c18, as rising crude oil prices heightened inflation \u200cconcerns and expectations of a Federal Reserve rate hike added to investor caution \u200bahead of its policy decision. <\/p>\n
US equity funds recorded net redemptions of $31.44 billion during the week, largely matching the $32 billion withdrawn a week earlier, LSEG Lipper data showed. <\/p>\n
Crude oil prices rose to \u200cfour-month highs during the \u2060week, fueling inflation concerns and lifting Treasury yields, which weighed on growth-oriented funds. <\/p>\n
The Fed raised interest \u2060rates by 25 basis points on Wednesday and signaled that further tightening may be needed to curb inflation fueled by \u200bhigher energy \u200bcosts linked to the war \u200bin Iran. <\/p>\n
Investors withdrew $28.71 billion, $1.73 billion \u200cand $3.16 billion from US large-cap, mid-cap and multi-cap funds, respectively. In contrast, small-cap funds attracted $568 million in weekly inflows. <\/p>\n
Equity sectoral funds, meanwhile, recorded weekly inflows of $2.29 billion – the largest in seven weeks – led by financials, consumer discretionary and technology, which \u200cattracted net purchases of $1.37 billion, $795 million \u200band $775 million, respectively. <\/p>\n
Net purchases in global \u200bbond funds, meanwhile, eased \u200bto a five-month low of $554 million. <\/p>\n
Short-to-intermediate government and \u200cTreasury funds led the gains, \u200battracting $3.49 billion in \u200binflows for an 11th consecutive week. Meanwhile, municipal debt funds and short-to-intermediate investment-grade funds recorded notable outflows of $1.81 \u200bbillion and $817 million, \u200crespectively. <\/p>\n
Money market funds recorded net weekly outflows of $58.87 billion, \u200bthe largest weekly withdrawal since July 15. <\/p>\n
(Reporting by Gaurav \u200bDogra; Editing by Vijay Kishore) <\/p>\n","protected":false},"excerpt":{"rendered":"
Sept 18 (Reuters) – US equity funds recorded outflows for a fourth consecutive week in the week to September \u200c18, as rising crude oil prices heightened inflation \u200cconcerns and expectations of a Federal Reserve rate hike added to investor caution \u200bahead of its policy decision. US equity funds recorded net redemptions of $31.44 billion during […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1355","post","type-post","status-publish","format-standard","hentry","category-us-stocks"],"_links":{"self":[{"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/posts\/1355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/comments?post=1355"}],"version-history":[{"count":0,"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/posts\/1355\/revisions"}],"wp:attachment":[{"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/media?parent=1355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/categories?post=1355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/btbitcoin.net\/index.php\/wp-json\/wp\/v2\/tags?post=1355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}