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Dec 9 (Reuters) - U.S. investors poured ample sums into wealth marketplace funds portion pulling backmost from riskier equity funds successful the week to December 3, taking a cautious stance up of the Federal Reserve's argumentation determination connected Wednesday.
They accumulated astir $104.75 cardinal worthy of U.S. wealth marketplace funds, registering their largest play nett acquisition since November 5, LSEG Lipper information showed.
Despite expectations of a complaint cut, investors remained wary, with stretched valuations successful mega-cap exertion stocks reinforcing the displacement toward safer assets.
They ditched U.S. equity funds amounting to a nett $3.52 billion, successful a 2nd successive week of nett selling.
Mid-cap funds witnessed a seventh consecutive weekly nett outflow, valued astatine $494.92 million. Small- and large-cap funds besides experienced nett disposals of $1.18 cardinal and $476 million, respectively.
Sectoral equity funds, however, stayed fashionable for a 2nd week arsenic these funds drew astir $510 cardinal worth of nett inflows.
Industrials, and gold and precious metals equity funds saw inflows of $510 cardinal and $293 million, respectively.
U.S. enslaved funds, meanwhile, attracted conscionable $314 million, the smallest magnitude for a week since October 1.
Short-to-intermediate investment-grade funds and municipal indebtedness funds secured inflows of $1.45 billion and $737 million, respectively, portion short-to-intermediate authorities and treasury funds had a play outflow of $1.58 billion.
(Reporting by Gaurav DograEditing by Ros Russell)
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