Interest rate cut expectations trigger a surge of funds, with US stock funds attracting the highest inflow in nearly a year
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U.S. stock funds saw a significant inflow of funds due to expectations of interest rate cuts, with a net purchase amount reaching $36.41 billion in a single week, the highest in nearly a year. Large-cap stock funds performed exceptionally well, with a net inflow of $40.75 billion. Technology sector funds also received an increase of $3.04 billion, while bond funds faced a sell-off of $1.58 billion, ending a 23-week trend of net purchases. The net investment amount in money market funds reached $47.08 billion, a four-week high
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