US equity funds see $13 billion inflow as Treasury yields ease

US equity funds attracted $13.01 billion in net inflows during the week ending October 14, reversing a previous week of outflows, according to LSEG Lipper data. The shift came as the US 10-year Treasury yield fell approximately 26 basis points from a 24-year high, driven by expectations that the Federal Reserve will hold interest rates steady at its upcoming meeting.

Investors also cited strong corporate earnings expectations, with analyst estimates forecasting 29.99% year-on-year profit growth for US large- and mid-cap companies in the most recent quarter. However, the technology sector recorded net outflows of $5.21 billion, its largest weekly decline since June, amid concerns over rising debt levels.

In fixed income, US bond funds remained popular for a 26th consecutive week, attracting $6.45 billion in net inflows. Conversely, investors withdrew $45.93 billion from money market funds, following a period of significant net purchases the previous week.

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