05/17/2024

U.S. Equity Funds Draw Largest Weekly Inflow in Eight Weeks

Large cap funds drew about $5.38 billion

U.S. equity funds attracted significant inflows in the seven days to May 15, fueled by expectations of Federal Reserve rate cuts following subdued U.S. jobs data and a softer-than-anticipated inflation reading.

Investors pumped a net $5.78 billion into U.S. equity funds, the most in a week since March 20, data from LSEG showed.

Wednesday's report showing a slowdown in U.S. consumer prices boosted market anticipation of two rate cuts by year end. However, optimism has since waned again with the most recent jobs data on Thursday reflecting a still fairly tight jobs market.

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