U.S. equity funds enjoy big inflows on easing Omicron worries

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

(Reuters) – U.S. equity funds saw big inflows in the week ended Dec. 22, supported by easing fears over the Omicron variant and strong earnings from some big companies such as Nike (NYSE:) and Micron Technology (NASDAQ:).

According to Refinitiv Lipper data, investors bought $27.55 billion worth of U.S. equity funds, and $22.96 billion in money market funds.

Graphic: Weekly flows into U.S. mutual funds by asset type: https://graphics.reuters.com/USA-MARKETS/byprjqzxwpe/chart.png

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

Graphic: Flows into U.S. equity sector funds: https://graphics.reuters.com/USA-STOCKS/egvbkozbzpq/chart.png

Meanwhile, U.S. bond funds attracted $1.5 billion in the week, compared with big outflows the previous week.

Graphic: Flows into U.S. bond funds: https://graphics.reuters.com/USA-BONDS/gkplglrqlvb/chart.png

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.