U.S. equity fund inflows ease to six-week low despite S&P 500 record high

U.S. equity fund inflows slowed to a six-week low of $911 million in the week through April 29, per LSEG Lipper data, even as the S&P 500 hit a record high of 7,272.52 last Friday. This cautious shift follows Goldman Sachs reporting consumer discretionary stocks as among the most net-sold global sectors for an eighth straight week, driven almost entirely by short sales, with related ETF XLY at 118.63. Technology drew $1.43 billion in inflows for a fourth week, offsetting $1.06 billion healthcare outflows, while bond funds saw $4.87 billion inflows and money markets $13.02 billion outflows. The divergence highlights mixed investor positioning amid oil spikes and Fed uncertainty.