Reported about 23 hours ago
U.S. equity funds attracted a net $6.36 billion in inflows for the sixth consecutive week through December 11, driven by expectations of a Federal Reserve interest rate cut. With indications of a cooling labor market and inflation, futures markets estimate a 96.7% probability of a quarter-point rate reduction at the Fed's upcoming meeting. While large- and small-cap equity funds witnessed strong demand, sectoral funds experienced significant outflows, reflecting changing investor preferences.
Source: YAHOO