Equity fund outflows increase to $7.8 billion, while fixed-income funds see inflows.

From Investing.com: 2024-12-02 04:32:54

Equity funds faced $7.8 billion in outflows, up from $7.2 billion the previous week. But fixed-income funds saw $0.8 billion in inflows. Domestic equity funds had $6.2 billion in redemptions, while international and global equity funds improved. In total, all equity funds saw $27.4 billion in inflows, a big jump from the week before.

Taxable bond funds had $0.6 billion in sales, down from $2.7 billion. Municipal bond funds had $0.2 billion in inflows. Technology led sector inflows with $3.4 billion. Asset manager fund returns were positive at 1.7%, higher than the equity market’s 1.4%. JPMorgan Funds had the best performance this quarter.

Money market funds also improved with $6.0 billion in inflows. Healthcare saw outflows of $0.7 billion, while the energy sector had neutral flows. JPMorgan Funds led in quarterly performance with a 4.8% return. Lazard lagged with a -3.0% return.



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