US equity funds draw largest weekly inflow in eight weeks

Economy
May 17 (Reuters) – U.S. equity funds attracted significant inflows in the seven days to May 15, fuelled by expectations of Federal Reserve rate cuts following subdued U.S. jobs data and a softer-than-anticipated inflation reading.
Investors pumped a net $5.78 billion into U.S. equity funds, the most in a week since March 20, data from LSEG showed.
U.S. large cap funds drew about $5.38 billion, the largest net weekly inflow since March 27.
Multi-cap funds attracted about $1.05 billion but mid- and small-cap funds saw net outflows of $817 million and $191 million, respectively.
Sectoral equity funds received just $22 million after six weekly net outflows in a row.
Industrials, financials and utilities attracted a net $515 million, $385 million and $359 million, respectively. The tech sector saw about $757 million worth of net selling.
Source: REUTER

Post a comment