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.