Largest inflow into US equity funds in three weeks: Technology and interest rate expectations take the lead
핵심 요약
- In the week ending 8 July, US equity funds saw a net inflow of 24.97 billion dollars.
- The annual profit growth of large and mid-sized technology companies is expected to be 40.8 percent.
- Thanks to artificial intelligence demand, the technology sector's 12-month profit expectations rose by 4.2 percent in one month.
- Investors transferred 9.71 billion dollars into technology funds in the specified week.
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According to LSEG Lipper data, in the week ending 8 July, US equity funds recorded a net inflow of 24.97 billion dollars, the highest level seen since 17 June. This rise was supported by strong profit expectations from technology companies and the easing of interest rate concerns by the US Central Bank (Fed).
With the second-quarter profit season approaching, markets are displaying an optimistic outlook towards the earnings of technology stocks. Analysts estimate that the average annual profit growth of large and mid-sized US technology firms will reach 40.8 percent. Driven by the strong demand for artificial intelligence products, the technology sector's 12-month profit expectations were also revised upwards by 4.2 percent in the last month.
This positive picture encouraged investors to make a massive investment of 9.71 billion dollars into technology funds within the same week. The developments reveal the strong confidence placed in the technology sector, both for the new profit season and artificial intelligence-driven growth expectations.
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- How much was the largest net inflow into US equity funds in recent weeks?
- In the week ending 8 July, US equity funds recorded a net inflow of 24.97 billion dollars.
- What increased the demand for technology stocks?
- The upcoming second-quarter profit season and the strong demand for artificial intelligence products increased optimism in technology stocks.
- What do analysts forecast for the profit growth of technology companies?
- Analysts expect the annual profit growth of large and mid-sized US technology firms to average 40.8 percent.