U.S. Equity Funds Nab $22.4B Inflows as Advanced Micro Devices Forecasts Fuel Tech Boom
U.S. equity funds logged net inflows of $22.37 billion in the week to May 13, the largest weekly purchase since $27.97 billion in late April. Technology sector funds drew a record $8.51 billion on strong sales forecasts by Advanced Micro Devices and Microchip Technology, pushing the S&P 500 to a 7,517.12 high.
1. U.S. Equity Fund Inflow Surge
Investors pumped a net $22.37 billion into U.S. equity funds in the week to May 13, marking the largest weekly inflow since $27.97 billion in the week to April 22.
2. Technology Sector Attracts Record Investments
Technology sector funds drew a record $8.51 billion, propelled by strong sales forecasts from Advanced Micro Devices and Microchip Technology.
3. Market Impact on S&P 500
This surge helped lift the S&P 500 to a record high of 7,517.12 on Thursday.
4. Sector and Asset Class Flows
U.S. large-cap funds received $17.06 billion, whereas mid-cap and small-cap segments lost $1.25 billion and $2.53 billion, respectively. Bond funds logged $12.9 billion in net inflows, while money market funds saw $4.4 billion in withdrawals.