If you were wondering — and I know everyone was edge of their seats — US equities saw a sixth consecutive inflow over the latest weekly reporting period.

The incremental $4.3 billion to US-focused funds brought the six-week haul to $42 billion, and the YTD net inflow to a little over $103 billion.

Note that US funds (with help from inflows to Indian equities) were solely responsible for the net inflow to global equities this week.

The updated figure above shows the regional breakdown.

All told, stock funds have seen a net $179.78 billion of inflows in 2024. After this last week, the split’s $358.87 billion to ETFs and $178.68 from mutual funds.

IG credit remains the flows story in 2024. High-grade funds saw a 31st consecutive inflow, the longest streak in half a decade. As a reminder: Primary market activity in 2024 is robust, to put it mildly.

May saw ~$135 billion of US high-grade supply. That was easily ahead of the $125 billion dealers expected headed into the month and broadly consistent with the average for May. Total IG supply for the year now stands at ~$766 billion.

Meanwhile, money market fund flows were a non-event this week. US money funds took in $3.8 billion, a meaningless development in the context of total AUM north of $6 trillion.