US equity fund inflows surge to a five-week high

(Reuters) -U.S. equity funds saw robust inflows in the week ​through November 5 as investors remained optimistic about ‌corporate artificial intelligence-linked deals and raised purchases during a market correction.

They ‌invested a net $12.6 billion into U.S. equity funds during the week, logging their largest weekly purchase since October 1, data from LSEG ⁠Lipper showed.

Investors bought ‌$11.9 billion worth of large-cap funds, the most for a week since ‍October 1. Small-cap funds also had a net $114 million inflow while mid-cap funds faced outflows of $1.​17 billion.

The technology sector attracted $2.38 billion,‌ the largest weekly inflow in five weeks but investors divested approximately $1.27 billion worth of financial sector funds.

Demand for U.S. bond funds, meanwhile, eased to a five-week low as they ⁠saw roughly $4.47 billion worth ​of 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.

Inflows into money market funds,⁠ meanwhile, surged to $118.05 billion, an 11-‌month high.

(Reporting by Gaurav Dogra;‌ Editing by Joe Bavier)