Odaily, citing Jinshi, reported that Bank of America strategists said US equities attracted record inflows last week as investors moved into the technology sector. In a report, the team led by Michael Hartnett cited EPFR Global data showing that US equity funds drew $119.2 billion in the week ended June 17.
The figure was described by the Bank of America team as a new weekly inflow record for US stock funds. The information in the report focused on the overall US equity fund category, the one-week period ending June 17, the size of the inflow, and the annualized projection. On the technology sector, the source stated that investors flocked to the industry during the week.
The strategists also said that, on an annualized basis, US equity funds are on track to attract a record $739 billion in 2026. That annualized estimate was presented alongside the $119.2 billion weekly inflow figure as a central conclusion in the report cited by Odaily.