US equity funds have seen net inflows for the first three weeks

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© Reuters. FILE PHOTO: A man points at a computer screen showing stock information in this illustration photo taken in Bordeaux, France on March 30, 2016. REUTERS / Regis Duvignau / File Photo

(Reuters) – US equity funds attracted capital inflows after two weeks of outflows in the week to Wednesday as bullish investors looked to recovery hopes and ignored higher inflation levels.

Data from Refinitiv Lipper showed that in the week ending June 16, US equity funds were worth $ 386 million.

U.S. equity mutual funds saw $ 1.7 billion in inflows, while growth funds received $ 1.85 billion net after facing outflows in the past two weeks.

(Graphic: Fund flows into US reverse convertibles and the money market – https://fingfx.thomsonreuters.com/gfx/mkt/jznpnwrlovl/Fund%20flows%20into%20U.S.%20equities%20bonds%20and%20money%20market . jpg)

Among the equity sectors, US real estate funds rose $ 528 million in net inflows for the third consecutive week, helped by a surge in house prices in the United States.

Wall Street major indices were shaken earlier this week after the Fed unexpectedly signaled that it could ease its massive stimulus measures sooner than expected, which put the benchmark on the path to a three-week winning streak.

US money market funds had outflows of $ 26.4 billion, the highest in nine weeks.

(Chart: Inflows into US Equity Sector Funds -https: //fingfx.thomsonreuters.com/gfx/mkt/gjnvwmnjdvw/Flows%20into%20U.S.%20equity%20sector%20funds.jpg)

(Graphic: Fund flows into US growth and value funds – https://fingfx.thomsonreuters.com/gfx/mkt/azgpoogagpd/Fund%20flows%20into%20U.S.%20growth%20and%20value%20funds. jpg)

Investors also bought US bond funds worth $ 4.3 billion net, their lowest level in three weeks. Both US taxable pension funds and municipal pension funds recorded their lowest net purchases in three weeks at $ 2.7 billion and $ 1.65 billion, respectively. US short and intermediate investment grade funds recorded inflows of $ 2.63 billion, up 12% from last week. Inflation-protected pension funds with inflows of $ 0.8 billion continued to attract investors for the seventh week in a row.

(Chart: Inflows into US bond funds -https: //fingfx.thomsonreuters.com/gfx/mkt/oakvebkebpr/Flows%20into%20U.S.%20bond%20funds.jpg)

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