US technology funds draw $14.3 billion, second-biggest weekly inflow on record
The week ending July 1 reversed a $9.3 billion outflow a week earlier and followed a record $19.2 billion inflow two weeks before, underscoring sharp swings in investor demand.
Summary
US technology funds attracted $14.3 billion in inflows in the week ending July 1, marking the second-largest weekly intake on record. The move followed $9.3 billion in outflows the prior week and came two weeks after a record $19.2 billion in inflows, highlighting unusually volatile fund flows into the sector over a short period. The source indicates this brings the four-week average higher, though the figure itself is not included in the provided text.
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