U.S. equity funds saw strong inflows of $12.6 billion in the week through November 5, with investors optimistic about AI-linked deals and buying during a market correction. Large-cap funds received $11.9 billion, the most since October 1, while small-cap funds had a net inflow of $114 million and mid-cap funds faced outflows of $1.17 billion.

The technology sector attracted $2.38 billion in the largest weekly inflow in five weeks, but financial sector funds saw investors divest approximately $1.27 billion. Demand for U.S. bond funds eased to a five-week low with around $4.47 billion in net purchases.

Short-to-intermediate investment-grade funds, general domestic taxable fixed income funds, and municipal debt funds attracted notable inflows of $2.46 billion, $2.44 billion, and $1.27 billion, respectively. Money market funds saw a surge in inflows to $118.05 billion, reaching an 11-month high.

Read more at Yahoo Finance: US equity fund inflows surge to a five-week high