Reported 2 days ago
U.S. equity funds experienced a resurgence in inflows during the week ending October 15, as signs of potential interest rate cuts from Federal Reserve Chair Jerome Powell and strong corporate earnings eased market concerns. Investors added a net $1.04 billion to equity funds, significantly recovering from the prior week's outflows, with notable purchases in sectoral funds like technology and financials. Despite this, large-cap and small-cap funds faced outflows, while bond funds continued to attract investments.
Source: YAHOO