U.S. fairness funds noticed huge inflows within the week ended Dec. 22, supported by easing fears over the Omicron variant and robust earnings from some huge corporations corresponding to Nike and Micron Know-how.
In line with Refinitiv Lipper information, traders purchased $27.55 billion value of U.S. fairness funds, and $22.96 billion in cash market funds.
Wall Road’s major indexes posted stable beneficial properties this week, with the S&P 500 marking a document excessive on Thursday.
In the meantime, U.S. bond funds attracted $1.5 billion within the week, in contrast with huge outflows the earlier week.
Supply: Reuters (Reporting By Patturaja Murugaboopathy; Modifying by Pravin Char)