US equity funds attract inflows, defying a tech selloff
The Star Online - Tech·2024-07-27 08:01
(Reuters) - U.S. investors continued to pump money into equity funds in the seven days to July 24, shrugging off a technology sector selloff to focus on robust corporate earnings and the possibility of upcoming Federal Reserve interest rate cuts.
According to LSEG data, investors acquired U.S. equity funds worth a net $5.7 billion during the week, following $21.7 billion worth of net purchases in the prior week.
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