U.S. equities markets showed strong returns for the week, some of the best since 1998, according to Lipper research analyst Matthew Lemieux. This "made it hard for investors to stay on the sideline, as equity mutual funds saw weekly inflows of roughly $2.2 billion," he said in his weekly video report of March 30.
This was in stark contrast to the group’s previous week of outflows, according to Lemieux, their first in 16 weeks. Overall, mutual funds drew $6.5 billion in new flows, excluding ETFs.
Domestic equity funds were the clear winner, and they outpaced their non-domestic counterparts with inflows of $1.3 billion, he said.
"With the quarter ending, equity investors will look to upcoming earnings reports to see if they made the right move," Lemieux shared.