U.S. equity fund inflows surge as tech rally boosts sentiment

June 5 (Reuters) - U.S. ‌equity funds ​attracted ​the largest weekly inflow in three weeks in the week to June 3 as ‌robust earnings outlooks by some technology companies extended ⁠a bull run in AI-linked technology stocks.

According to LSEG ‌Lipper data, investors bought U.S. ‌equity funds of a net $7.43 billion in their largest weekly net purchase since May 13.

The S&P ​500 hit a record 7,620.9 earlier this week after solid earnings from Dell and HP ⁠last week, helped lift demand for AI-linked technology stocks.

U.S. large-cap and small-cap ​equity funds drew a net $3.4 billion and $3.23 billion of weekly inflows, though mid-cap funds ​had a net $1.04 billion of ‌outflows.

The technology sector was particularly popular as weekly inflows surged to a three ⁠week high of $6.62 billion. Investors also added industrial, and metals and mining sector funds of $545 million and $539 million, ⁠respectively.

Bond funds, meanwhile, drew $9.66 billion as net purchases extended into a ​seventh consecutive week.

General domestic taxable fixed income funds attracted the biggest weekly inflow since early-February 2025, to the tune ‌of $4.7 billion. Short-to-intermediate investment-grade funds also saw a notable $3.84 billion weekly net purchase.

Investors ‌also allocated a net $111.36 billion to money market funds ⁠in their largest weekly ‌purchase since $119.15 billion ​of additions in the week to May 6.

(Reporting by Gaurav Dogra; Editing by Chizu ‌Nomiyama )

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