U.S. equity funds post a third weekly outflow

NEW YORK April 29 - U.S. equity funds witnessed a third weekly outflow in the week to April 27 as investors worried about slowing global growth and a more aggressive Federal Reserve.

According to Refinitiv Lipper data, U.S. investors exited equity funds worth a net $10.55 billion, which was a 34% lower weekly outflow, compared with the previous week.

Fund flows: US equities bonds and money market funds

However, better-than-estimated earnings results from some mega cap U.S. companies including Microsoft Corp , Visa Inc (V.N) and Meta Platforms Inc (FB.O) eased some concerns and capped outflows. read more

U.S. large-cap equity funds drew their first weekly inflow in three weeks, worth $698 million, but mid- and small-cap focused funds posted $1.67 billion and $1.74 billion, respectively, in outflows.

U.S. growth funds faced massive outflows for a third consecutive week, amounting $5.13 billion, while value funds had about $2 billion worth of net outgo.

REUTERS