Equity Fund Inflows Jump

Investors continued to move money into equities in early March, despite the market's flat performance in recent weeks.

According to AMG Data Services, equity funds had net inflows of $3.9 billion for the week ended March 3, up from $2.5 billion the prior week. Almost 60%, or $2.3 billion, went into domestic equities, compared with $1.4 billion the week before.

The real estate, health care/biotech and financial/banking sectors continued to draw the most interest.

International equity funds had net inflows of $1.2 billion.

Taxable bond funds had a net gain of $892 million, up sharply from $546 billion in the prior week, with investors preferring corporate-based funds.

Treasury funds had net inflows of $224 million, while money market funds registered a net loss of $11.5 billion, about 10% more than the previous week.

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