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U.S. equity markets see $9.33 billion inflows, tech leads

EditorNikhilesh Pawar
Published 2023-11-17, 08:44 a/m
© Reuters.

NEW YORK - U.S. equity markets have witnessed a significant uptick in investor confidence, with total net inflows reaching $9.33 billion, marking the highest level since mid-September. Large-cap stocks have been the primary beneficiaries, attracting $8.54 billion in capital. Meanwhile, small- and multi-cap equities also experienced inflows of $1.23 billion and $1.01 billion, respectively. However, mid-cap stocks saw a reversal of fortunes with outflows totaling $1.13 billion.

The technology sector emerged as a standout performer, securing robust inflows of $1.73 billion—the largest since last year—reflecting an improved risk sentiment among investors. Other sectors also saw positive movements; gold & precious metals and consumer discretionary sectors drew inflows of $596 million and $212 million, respectively.

In the realm of fixed income, bond funds continued to trend positively with net purchases amounting to $2.67 billion. High-yield bonds, in particular, amassed an impressive $4.5 billion, indicating sustained net buying activity for the fourth consecutive week. Money market funds maintained their appeal among investors as well, with an influx of approximately $14.69 billion, which underscores a consistent attraction throughout the month.

Investor behavior indicates a clear shift towards certain sectors and asset classes, suggesting a strategic reallocation of portfolios in response to the current market environment.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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