Jan 26 (Reuters) – U.S. investors continued to reduce
their holdings in equity funds for the fourth consecutive week
up to Jan. 24, exhibiting caution ahead of a major inflation
report and a Federal Reserve meeting set for the following week.
U.S. equity funds saw net withdrawals of $3.04 billion in
the week, the smallest in four weeks, as a Wall Street rally,
led by strong tech sector gains from upbeat forecasts by TSMC
and Super Micro Computer, tempered the
outflows.
U.S. value funds saw $2.76 billion worth of net disposals,
the largest outflow in five weeks. Conversely, growth funds
attracted $1.42 billion worth of new capital, marking their
first weekly inflow in four weeks.
The technology sector, in particular, witnessed substantial
investor interest, with a net inflow of $1.27 billion — the
highest in six weeks. Meanwhile, the…
