Nov 7 (Reuters) - U.S. equity funds saw robust inflows
in the week through November 5 as investors remained optimistic
about corporate artificial intelligence-linked deals and raised
purchases during a market correction.
They invested a net $12.6 billion into U.S. equity funds
during the week, logging their largest weekly purchase since
October 1, data from LSEG Lipper showed.
Investors bought $11.9 billion worth of large-cap funds, the
most for a week since October 1. Small-cap funds also had a net
$114 million inflow while mid-cap funds faced outflows of $1.17
billion.
The technology sector attracted $2.38 billion, the largest
weekly inflow in five weeks but investors divested approximately
$1.27 billion worth of financial sector funds.
Demand for U.S. bond funds, meanwhile, eased to a five-week
low as they saw roughly $4.47 billion worth of net purchases.
Short-to-intermediate investment-grade funds, general
domestic taxable fixed income funds and municipal debt funds
attracted notable inflows of $2.46 billion, $2.44 billion and
$1.27 billion, respectively.
Inflows into money market funds, meanwhile, surged to
$118.05 billion, an 11-month high.