US equity funds draw renewed inflows as Treasury yields ease
SPY•US equity funds drew $13.01 billion in the week to October 14, reversing $5.1 billion in outflows the previous week as Treasury yields eased. Technology funds had $5.21 billion in outflows, while bond funds attracted $6.45 billion.
1. Equity fund flows
Investors added a net $13.01 billion to US equity funds in the week to October 14, following $5.1 billion in outflows the previous week. Large-cap funds drew $16.55 billion, multi-cap funds $2.12 billion and small-cap funds $541 million, while mid-cap funds had $651 million in outflows.
2. Sector and bond flows
Technology funds recorded $5.21 billion in net outflows, their largest weekly outflow since June 24. The 10-year Treasury yield fell about 26 basis points from the previous week’s 24½-year high of 5.3645%. US bond funds attracted $6.45 billion, their 26th consecutive week of inflows, while investors withdrew $45.93 billion from money market funds.
