U.S. equity fund inflows ease to a six-week low
U.S. equity fund inflows dropped to $911 million in the week through April 29, the smallest weekly net purchase since March 18. Investors pumped $1.43 billion into technology stocks, while offloading $1.06 billion from healthcare funds.
U.S. equity fund inflows ebbed to a six-week low in the week through April 29. Investors bought $911 million worth of U.S. equity funds, the smallest weekly net purchase since March 18. The Federal Reserve kept interest rates steady, but three board members voted to drop the central bank's easing bias. The S&P 500 hit a record high of 7,272.52, bolstered by upbeat earnings from major U.S. tech companies. Investors pumped $1.43 billion into technology stocks and offloaded $1.06 billion from healthcare funds. U.S. bond funds saw an uptick in demand, with inflows surging to $4.87 billion.
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