According to LSEG Lipper data, investors pumped $9.9 billion into U.S. equity funds in the week ending May 22, a significant increase from the $4.1 billion recorded a week earlier.
Risk assets received an early boost this week thanks to April’s slowing inflation, but the mood shifted as recent data revealed a surge in U.S. business activity and lower weekly jobless claims.
U.S. stocks closed lower on Thursday, despite gains in Nvidia (NASDAQ:NVDA) shares from a strong revenue forecast, as the data highlighted inflation concerns that could delay Federal Reserve rate cuts.
During the week, sector funds saw tech and mining sectors each receive inflows exceeding $400 million, while consumer discretionary sector funds experienced outflows.
U.S. money market funds received an inflow of $8.2 billion, while bond funds attracted $3.8 billion, with U.S. high-yield funds securing a significant portion, amounting to $2.4 billion.
Source: Economy - investing.com
