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Economy — Business — Trade

U.S. Equity Funds See Strongest Inflows In Three Weeks

The report said expectations for robust second-quarter earnings in the technology sector fueled demand.

,   and  TIPP Staff
2 min read
Technology Earnings Hopes Lift U.S. Equity Fund Inflows. Pic via(@Reuters)

U.S. equity funds recorded their largest weekly inflow in three weeks as optimism over technology earnings and easing concerns about Federal Reserve interest rate increases strengthened investor sentiment.

According to the report, investors added a net $24.97 billion to U.S. equity funds in the week ending July 8, marking the strongest weekly inflow since mid-June.

The report said expectations for robust second-quarter earnings in the technology sector fueled demand.

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LSEG data showed analysts expect average year-on-year earnings growth of 40.8 percent for large- and mid-cap technology companies, while rising demand for artificial intelligence products has prompted higher earnings forecasts.

According to the report, technology-focused funds attracted $9.71 billion, their largest weekly inflow since June 16.

Bond funds also saw strong demand, receiving $16.82 billion in new investments. Investment-grade, taxable fixed-income, and municipal bond funds were among the largest beneficiaries of the renewed investor interest.

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