US equity funds draw biggest weekly inflow in nine months
U.S. equity funds witnessed robust demand in the seven days to March 20, buoyed by Wall Street’s continued rally and expectations of Federal Reserve rate cuts later this year. According to LSEG data, investors acquired a net $14.07 billion worth of U.S. equity funds during the week, logging their largest net weekly purchase since mid-June 2023. The S&P 500 index .SPX hit a new record of 5,261.1 this week after the Federal Reserve on Wednesday indicated that it still expects to cut U.S. interest rates three times this year despite ...
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