Key facts
- Global equity fund inflows reached $27.21 billion in the week ending July 29, the highest in three weeks.
- U.S. equity funds attracted $11.83 billion, reversing a two-week outflow trend.
- Technology sector funds saw inflows of $4.9 billion, the largest since July 8.
- Inflows into U.S. bond funds slowed to $1.34 billion, a 15-week low.
- Money market funds experienced outflows for the third consecutive week.
Global equity funds saw inflows surge to $27.21 billion in the week ending July 29, marking a three-week high. This increase was largely driven by investor optimism surrounding artificial intelligence and strong earnings from major technology companies.
U.S. equity funds reversed a two-week trend of outflows, attracting $11.83 billion. This was bolstered by significant investments in mega-cap technology funds, particularly after positive results from Microsoft and Amazon eased concerns about heavy capital spending. Technology sector funds alone attracted $4.9 billion, the largest weekly inflow since July 8.
In contrast, inflows into U.S. bond funds slowed considerably to $1.34 billion, a 15-week low. Investors also withdrew $466 million from general domestic taxable fixed-income funds, although municipal debt funds saw purchases of $761 million. Money market funds continued to experience outflows, totaling $11 billion for the third consecutive week.
Large-cap funds saw the largest net purchases among U.S. equity funds, while mid-cap and small-cap funds experienced outflows. Financial and consumer staples sectors also recorded net purchases.