U.S. investors poured money into equity funds in the week ended November 27, buoyed by the naming of officials for the new Trump administration and a fall in Treasury yields, which alleviated concerns about the prospects for growth stocks.
Investors bought $12.78 billion worth of U.S. equity funds, a sharp jump in net purchases from around $3.03 billion worth a week earlier, LSEG Lipper data showed.
Last week, Trump selected fiscal hawk Scott Bessent for the role of U.S. Treasury Secretary, boosting market expectations that debt levels would remain under control in his second term.
The large-cap and small-cap funds segments drew inflows totaling $5.27 billion and $3.11 billion, respectively. Multi-cap and mid-cap funds, however, saw net outflows of $419 million and $137 million, respectively.
U.S. sectoral funds were in big demand, attracting about a net $4.72 billion, thanks to notable $2.08 billion, $990 million, and $962 million net purchases in the financials, consumer discretionary, and technology sectors, respectively.
U.S. bond funds remained popular for a 26th successive week, securing about $6.92 billion in net weekly inflows during the week.
Investors bought $3.01 billion of general domestic taxable fixed-income funds for a 15th consecutive weekly net purchase. U.S. short-to-intermediate investment-grade funds and mortgage funds also attracted $1.53 billion and $1.48 billion, respectively, in net inflows.
Meanwhile, investors sold around a net $2.37 billion worth of U.S. money market funds following the $26.82 billion net outflow in the prior week.
