US Equity Funds Attract $5.07 Billion in Second Straight Week of Inflows

US equity funds drew $5.07 billion in net inflows for the week ended October 21, marking a second consecutive week of gains according to LSEG Lipper data. Investor sentiment was bolstered by falling Treasury yields and corporate earnings, with about 82% of reporting S&P 500 companies beating estimates. Large-cap and mid-cap funds took in $8.63 billion and $1.92 billion, respectively, offsetting $4.24 billion in small-cap redemptions. Globally, equity funds attracted $28.16 billion in net purchases over the same period, led by Asian funds capturing $11.53 billion.