US equity fund inflows decline sharply amid technology sector selloff

U.S. equity fund inflows fell significantly this week as investors pulled back from tech stocks. Bond and money market funds saw substantial net investments.

Insights:
In the US USUS, US USUS equity funds saw net inflows fall to $5.58 billion in the week through Feb. 4, marking a roughly 48% decline from the $10.82 billion reported the prior week. According to data from LSEG Lipper, the reduction in demand was primarily driven by selling pressure in software and technology stocks. This trend emerged after Anthropic launched a legal plug-in for its generative AI chatbot, prompting a shift in investor sentiment within the technology sector.
People walk around the Financial District near the New York Stock Exchange (NYSE) in New York, U.S., on December 29, 2023. REUTERS/Eduardo Munoz/File Photo
People walk around the Financial District near the New York Stock Exchange (NYSE) in New York, U.S., on December 29, 2023. REUTERS/Eduardo Munoz/File Photo
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