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U.S. equity funds revel in mammoth inflows on easing Omicron worries

Financial system22 hours ago (Dec 24, 2021 01: 35PM ET)

© Reuters. FILE PHOTO: A avenue signal for Wall Road is seen within the financial district in Unique York, U.S., November 8, 2021. REUTERS/Brendan McDermid

(Reuters) – U.S. equity funds noticed mammoth inflows within the week ended Dec. 22, supported by easing fears over the Omicron variant and precise earnings from some mammoth companies equivalent to Nike (NYSE:) and Micron Skills (NASDAQ:).

In step with Refinitiv Lipper info, customers bought $27.55 billion worth of U.S. equity funds, and $22.96 billion in cash market funds.

Graphic: Weekly flows into U.S. mutual funds by asset kind:

Wall Road’s valuable indexes posted precise beneficial properties this week, with the marking a file excessive on Thursday.

Graphic: Flows into U.S. equity sector funds:

Meanwhile, U.S. bond funds attracted $1.5 billion within the week, when compared with mammoth outflows the previous week.

Graphic: Flows into U.S. bond funds:

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