U.S. Equity Funds See First Weekly Inflow in Three Weeks
Investors added $11.83 billion to U.S. equity funds during the week ending July 29, reversing two weeks of outflows and marking a significant shift in market sentiment. The inflow was driven by strong earnings from Microsoft and Amazon that eased concerns over capital spending and boosted investor confidence. Large-cap funds saw their largest weekly purchase since June 24 with $11.57 billion in net buying, while technology-sector funds attracted the most money at $4.9 billion. Despite this positive trend for equities, mid-cap and small-cap funds experienced outflows of $2.29 billion and $196 million respectively. In contrast to equity inflows, bond fund purchases slowed significantly during the week with a 15-week low in net investments reported at just $1.34 billion. The recent performance highlights continued investor optimism about large-cap stocks despite broader economic uncertainties.
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Topics: inflows investor behavior technology sector U.S. equity funds