US equity funds draw weekly inflows as investors regain confidence
US investors became more confident after witnessing a market boost as AI technology stocks were rising, leading them to invest more money into U.S. stock market funds during the week.
Latest update reveals U.S. equity funds drew inflows in the week to May 27 as a rally in Artificial intelligence-linked technology stocks lifted sentiment, though concerns surrounding the U.S.-Iran peace negotiations kept purchases in check.
According to LSEG Lipper data, investors bought a net $1.97 billion of U.S. equity funds, compared with........
