U.S. equity funds received a $5.97bn net inflow as investors bet on September Fed rate cuts amid eased recession concerns.
U.S. equity funds received a net inflow of $5.97bn in the week ending August 21 as investors bet on Federal Reserve rate cuts in September and eased concerns of a major economic downturn. Inflows were seen in consumer staples, financials, consumer discretionary, and tech sectors; U.S. bond funds saw a $4.43bn net inflow for the 12th consecutive week, with money market funds attracting $19.19bn. The Fed's hinted rate cuts for September may benefit sectors such as small cap stocks, junior mining, clean energy ETFs, small-cap financials, and biotech, as they are sensitive to interest rates and capital-intensive projects.
August 22, 2024
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