U.S. equity fund inflows rise on earnings optimism, AI boost

April 24 (Reuters) - U.S. ‌equity funds attracted ​the ​largest weekly net investment in four weeks through April 22, driven by upbeat corporate ‌earnings results and optimism over AI-linked business deals.

Investors ⁠bought a net $27.98 billion of U.S. equity funds in their ‌largest weekly purchase since roughly $36.94 ‌billion net acquisitions in the week through March 25.

Upbeat earnings from major banks and food and beverage ​company PepsiCo boosted risk appetite. LSEG data for 134 S&P 500 companies showed that first-quarter results ⁠for 82% of companies topped their mean analyst estimates.

Amazon on Monday said ​that it will invest up to $25 billion in Anthropic, bolstering demand for the technology sector ​funds.

Sectoral funds drew $7.1 billion, a ‌third successive weekly inflow, with tech, industrial and financial sectors gaining $5.03 billion, $994 million and $991 ⁠million, respectively and leading the weekly net purchases.

Investors also pumped $1.47 billion in U.S. value funds and $4.92 billion - the biggest amount ⁠in five weeks - in growth funds.

Demand for bond funds revived ​after a $841 million of weekly net sales as these funds attracted approximately $3.4 billion of inflows in the week.

General domestic taxable fixed ‌income funds, short-to-intermediate investment-grade funds and municipal debt funds saw net purchases of $1.91 billion, $1.28 ‌billion and $1.02 billion, respectively, in the week.

Investors, meanwhile, ditched ⁠money market funds of ‌a net $16.1 billion, ​after roughly $177.72 billion of net sales the prior week.

(Reporting by Gaurav Dogra, Editing by Louise ‌Heavens)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Jefferies upgrades Shopify to Buy on AI commerce tailwinds, sees 30% upside
• Landstar System (LSTR) PT Raised to $186 at Stifel
• Jefferies bullish on Deckers Outdoor, sees HOKA growth slowdown as oversold