US equity funds see upbeat demand on rate cut expectations
July 5 (Reuters) – Investors hoovered up U.S. equity funds in the week to July 3 as data indicating a softening economy and U.S. Federal Reserve Chair Jerome Powell’s dovish commentary solidified rate cut expectations.
U.S. equity funds secured a net $8.62 billion in inflows during the week, after witnessing about $16.2 billion worth of net purchases a week ago, LSEG data shows.
Source: REUTER