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Inflows To Stock Funds Accelerate Into Rekindled Rally
US equities responded to a three-week pullback with a three-week rally, pushing the US benchmark near record highs ahead of a pivotal CPI release due May 15.
Over three weeks of gains for US shares, equity-focused ETFs and mutual funds saw $13.5 billion of inflows.
That negated more than half of a $21 billion outflow from mid-April.
This week's $9.1 billion haul pushed the 2024 net inflow for US equity funds to $74.5 billion. That's around half of global equity inflows YTD.
All told, globa
