U.S. equity funds recorded their fifth straight week of inflows, with investors pouring $4.36 billion into the market through November 19 — nearly four times higher than the previous week’s $965 million, according to LSEG Lipper.
The enthusiasm reflects strong conviction in U.S. corporate performance. Data from 473 S&P 500 companies showed third-quarter profits up 16.3%, more than triple the forecasted 4.9%.
UBS Global Wealth Management CIO Mark Haefele highlighted the combination of resilient economic momentum, robust earnings, and accelerating AI and longevity trends as core drivers supporting U.S. equities.
Despite this momentum, the S&P 500 dipped to a two-month low of 6,534 on Thursday amid tech-sector selling and uncertainty from delayed labor data. Still, inflows were broad:
- Large-cap funds: +$6.93B (vs. $2.38B prior week)
- Small-cap funds: +$404M
- Mid-cap funds: –$2.04B
Bond fund inflows cooled to a seven-week low of $4.11B, with Treasury-focused funds drawing $1.45B. Money market funds saw $22.89B in outflows, extending the risk-on shift for a second week.