U.S. equity funds draw weekly inflows as tech rally lifts sentiment

U.S. equity funds drew ​inflows in the week ​to May 27 as ​a rally in AI-linked technology stocks lifted sentiment, though concerns surrounding the U.S.-Iran peace negotiations kept ‌purchases ⁠in check.

According ⁠to LSEG Lipper data, investors bought ​a net $1.97 billion of U.S. equity funds, compared ​with a net $12 billion of selling in the previous week.

Nvidia highlighted robust ​demand for its flagship AI ⁠chips last ‌week, fueling inflows ​into technology ​sector funds.


Investors bought a net $2.75 ⁠billion of technology sector funds in an ​eighth successive week of buying. ​Financial and industrial sector funds also attracted inflows of $987 million and $880 million, respectively.

U.S. bond funds were popular for the sixth successive week, gaining a ‌net $10.62 billion of weekly inflow during the week.

General domestic ​taxable fixed ​income ⁠funds, short-to-intermediate investment-grade funds, municipal debt funds, and short-to-intermediate government and treasury funds had noticeable inflows at $2.74 ​billion, $2.38 billion, $2.33 billion and $2.02 billion, respectively.

U.S. money market funds attracted inflows for a second successive week, to the tune of $8.38 billion.