US Equity Funds Get Second-Biggest Inflow Of 2023 As H2 Dawns

After two weeks of withdrawals, money flowed back into US stock-focused ETFs and mutual funds, helping developed markets turn the tide after a first half that saw equity investors favor emerging market shares over their developed market counterparts. The $13.8 billion haul counted as the second-largest of 2023 for US shares, and suggested the inflows seen in and around last month's "new bull market" headlines weren't necessarily a false dawn. As a reminder, ETF flows have been robust over the