GRAPHIC-U.S. equity funds see big weekly inflows on growth optimism- Lipper
Nov 12 (Reuters) - U.S. equity funds pulled in massive money in the week ended November 10, bolstered by optimism over earnings and the passage of a $1 trillion infrastructure bill that lifted several sectors such as industrials and miners.
U.S. equity funds saw inflows worth $6.29 billion during the week, compared with purchases of $156 million in the previous week.
Among sector funds industrials drew a net $1.03 billion, consumer discretionary attracted $892 million, healthcare and materials received $0.75 billion each, though technology faced outflows of $1.56 billion.
Small-cap equity funds pulled in a net $1.04 billion, while large- and mid-cap funds attracted $685 million and $75 million in net purchases.
Meanwhile, U.S. bond funds attracted a net $9.06 billion in net buying, which marked the biggest weekly inflow since Sept. 1, Lipper data showed.
U.S. taxable bond funds saw buying worth $6.48 billion while U.S. municipal bond funds attracted a net $1.69 billion, both marking the biggest weekly purchases since Sept. 1.
U.S. general domestic taxable fixed income funds drew a net $2.28 billion, the biggest since Aug. 25. Inflation-protected funds attracted $1.76 billion, though U.S. short/intermediate investment-grade funds faced outflows of $500 million.
Meanwhile, U.S. money market funds saw net purchases of$10.22 billion after facing outflows of $4.95 billion in the previous week.
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru;)
