Investors poured $1.97 billion into US equity funds as AI-driven tech gains offset geopolitical concerns last week.
US equity funds recorded net inflows of $1.97 billion in the week ending May 27, reversing a $12 billion outflow from the prior week. The shift was driven by a rally in AI-linked technology stocks, led by strong demand for Nvidia’s flagship chips, which boosted sentiment.
Technology sector funds attracted $2.75 billion in inflows, marking an eighth consecutive week of buying. Financial and industrial funds also saw inflows of $987 million and $880 million, respectively. Meanwhile, US bond funds extended their streak with $10.62 billion in inflows, while money market funds added $8.38 billion.
Geopolitical tensions, including US-Iran negotiations, tempered but did not halt the buying activity.