US Equity Funds Draw Inflows Despite Market Pressures
Investors purchased a net 11.72 billion dollars of US equity funds during the week ending August 19, marking the largest inflow since late July. Strong corporate earnings and cooler inflation data bolstered enthusiasm. Meanwhile, bond funds also attracted 9.92 billion dollars in net inflows.
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United States equity funds drew $11.72B in net inflows over the week ending August 19, marking the largest weekly surge since July 29. The buying spree persisted despite a broader bond-market selloff and rising crude oil pressures. Strong corporate earnings bolstered investor confidence even as major indices retreated from recent highs.
