Tide Suddenly Turns For US Stock Fund Flows

The flows story of 2023 is the massive influx of cash into... well, into cash. That is: Into money market funds. But secondarily, it's a tale of outflows from US stock-focused ETFs and mutual funds. Or at least it was. US equity funds snapped a six-week streak of outflows with an emphatic $13.3 billion haul during the latest weekly reporting period, according to EPFR. It was the largest (and one of the only) weekly inflows of 2023. This comes as no surprise given massive outperformance for