June 14 (Reuters) - U.S. equity funds observed heavy outflows in the seven days through June 12 as some investors booked profits and exercised caution ahead of the Federal Reserve's policy decision.
Investors ditched U.S. equity funds worth a net $21.93 billion during the week in their largest weekly net disposal since mid-December 2022, data from LSEG showed.
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Outflows also hit multi-cap, mid-cap, and small-cap funds, which saw $2.37 billion, $1.43 billion, and $816 million in net withdrawals, respectively.
Conversely, investors sought safety in U.S. bond funds and money market funds, adding $1.72 billion and $20 billion, respectively.
- U.S. sectoral equity funds, however, enjoyed their second consecutive week of inflows, amassing about $1.85 billion, buoyed by $1.8 billion in net purchases in the technology sector.
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--- U.S. general domestic taxable fixed income funds received a robust $2.44 billion, the highest in five weeks, while
--- short/intermediate investment-grade and loan participation funds garnered $841 million and $546 million in inflows, respectively.
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Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Chizu Nomiyama
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