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