US equity funds attract $37.6 billion as AI demand offsets Treasury yield surge

  • Global equity funds attracted $44.1 billion in the week to September 25.
  • US equity funds received $37.6 billion, while technology funds attracted $5.29 billion globally.
  • The 30-year US Treasury yield reached 5.5016%, a 22-year high.

US equity funds attracted $37.6 billion in the week to September 25, a three-month high, as enthusiasm for artificial intelligence and falling oil prices outweighed a sharp rise in government-bond yields. Global equity funds drew $44.1 billion, their largest weekly net purchase since July 8, ending a two-week selling streak, while technology-sector funds received $5.29 billion. Meta's Muse agent topping US app-download rankings and record South Korean exports in the first 20 days of September, led by semiconductor shipments, reinforced optimism over AI and chip demand. The 30-year US Treasury yield reached a 22-year high of 5.5016% as stronger economic data and expectations for further Federal Reserve tightening raised borrowing costs. Global bond funds recorded $9.68 billion in inflows after a marginal outflow a week earlier, although government bond funds lost $1.47 billion. Separate US fund-flow figures in the existing report showed $5.93 billion entering US bond funds and about $11 billion entering US money-market funds, while the broader global data showed $605 million leaving money-market funds.

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