US equity funds post inflows for a second straight week
SPY•US equity funds attracted $5.07 billion in net inflows in the seven days to October 21, down about 62% from the previous week. Bond funds saw $969 million in outflows, ending a 26-week streak of net purchases.
1. Equity fund flows
US equity funds recorded net inflows of $5.07 billion, compared with $13.37 billion the week before. Easing Treasury yields and a solid start to earnings season supported investor appetite, while caution over the artificial intelligence trade capped purchases.
2. Where investors put money
Large-cap funds gained $8.63 billion and mid-cap funds gained $1.92 billion, while small-cap funds saw $4.24 billion in outflows. Sector funds attracted $1.8 billion, including $1.18 billion for metals and mining funds. Bond funds lost $969 million, while money market funds attracted $14.82 billion.
