Key facts
- US equity funds attracted $7.43 billion in the week to June 3.
- This inflow level is the largest for US equity funds in three weeks.
- The S&P 500 reached a record high earlier in the week.
- Technology sector funds saw inflows of $6.62 billion.
- Bond funds attracted $9.66 billion, extending a seventh consecutive week of inflows.
U.S. equity funds attracted a net $7.43 billion in the week to June 3, marking their largest weekly inflow in three weeks. This surge was driven by strong earnings outlooks from technology companies like Dell and HP, which extended a bull run in AI-linked technology stocks. The S&P 500 index reached a record high earlier in the week. Technology sector funds were particularly popular, with weekly inflows reaching $6.62 billion. Investors also added funds in the industrial and metals and mining sectors. Bond funds saw inflows of $9.66 billion, extending a seventh consecutive week of net purchases, with general domestic taxable fixed income funds and short-to-intermediate investment-grade funds seeing notable inflows. Money market funds also experienced substantial inflows.