April 17 (Reuters) - U.S. equity funds attracted strong
demand in the week through April 15 as expectations of an early
resolution to the Iran conflict and resilient corporate results
boosted risk appetite.
Investors poured a net $21.25 billion into U.S. equity
funds, extending a buying streak to a fourth straight week, LSEG
Lipper data showed.
The benchmark S&P 500 and the tech-heavy Nasdaq
indexes posted their second consecutive record closing highs on
Thursday as Israel agreed to a temporary ceasefire with Lebanon
and U.S. President Donald Trump signaled that Washington and
Tehran could meet again over the weekend.
Inflows into U.S. large-cap funds jumped to a net $7.58
billion in the week, from roughly $662 million the week before.
Small-cap funds drew a net $284 million in investments, while
mid-cap funds faced divestments of $389 million.
Sectoral funds were the most popular in over four years,
attracting a net of $7.39 billion in weekly inflows. The tech,
industrial and healthcare sectors garnered net purchases of
$5.63 billion, $897 million and $694 million, respectively, and
led net buying.
Bond funds were on the sidelines as investors withdrew $833
million on a net basis, after receiving a net $9.59 billion the
prior week.
Short-to-intermediate government and treasury funds suffered
weekly net sales of $5.42 billion as investors ended 14 weeks of
inflows. General domestic taxable fixed-income funds, however,
attracted $2.33 billion, the biggest weekly amount since
February 18.
U.S. investors dumped a net $177.72 billion of money market
funds in the largest weekly selloff since at least September
2018.