NEW YORK, Nov 21, 2025 – U.S. equity funds attracted net inflows for a fifth consecutive week, driven by strong third-quarter earnings growth and sustained investor confidence in the technology and broader equity markets, according to LSEG Lipper data.

Investors poured $4.36 billion into U.S. equity funds for the week ending November 19, a nearly fourfold increase from the $965 million recorded the previous week. This trend reflects ongoing optimism about corporate earnings, AI innovation, and the resilience of the U.S. economy.

Strong Corporate Earnings Fuel Equity Investments

Data for 473 S&P 500 companies showed a 16.3% rise in third-quarter profits from a year earlier, significantly surpassing analysts’ forecasts of a 4.9% increase. UBS Global Wealth Management Chief Investment Officer Mark Haefele noted, “The resilient economic and corporate earnings growth outlook, and the accelerating impact of AI and longevity reinforce our positive view on U.S. equities.”

Despite this optimism, the S&P 500 Index hit a two-month low of 6,534.05 on Thursday amid a technology-sector selloff and delayed labor market data, reflecting temporary volatility in the broader market.

Fund Flows by Market Cap

Investor activity in equity funds varied by company size:

• Large-cap funds saw net inflows of $6.93 billion, up sharply from $2.38 billion the previous week.
• Mid-cap funds experienced net outflows of $2.04 billion, highlighting selective investor preference.
• Small-cap funds attracted a net $404 million, indicating moderate interest in growth-focused opportunities.

Bond and Money Market Trends

While equity funds drew strong inflows, U.S. bond funds recorded a seven-week low inflow of $4.11 billion, down from prior weeks. Sector-specific performance included:

• Short-to-intermediate government and treasury funds: net inflow of $1.45 billion, roughly half of last week’s $3.01 billion.
• General domestic taxable fixed-income funds: net inflow of $1.93 billion, consistent with previous weeks.

In contrast, money market funds experienced $22.89 billion in net outflows, extending the trend of decreased liquidity allocations for a second consecutive week.

Key Takeaways

The fifth consecutive week of equity fund inflows underscores investor confidence in robust earnings growth, particularly in the large-cap and tech-focused sectors, despite short-term volatility in the S&P 500. Analysts note that AI advancements and longevity-focused investments are increasingly influencing fund allocation strategies, while caution persists in mid-cap markets.

Market watchers will continue to monitor equity fund inflows, bond market trends, and money market outflows as indicators of broader investor sentiment and potential market momentum heading into year-end 2025.