For the 26th consecutive week, U.S. bond funds have maintained their popularity, gaining $6.92 billion in net inflows, with general domestic taxable fixed income funds attracting $3.01 billion over 15 weeks of continuous purchases.

In addition to taxable fixed income funds, U.S. short-to-intermediate investment-grade funds and mortgage funds also saw significant net inflows of $1.53 billion and $1.48 billion, respectively.

Conversely, U.S. money market funds faced a net outflow of approximately $2.37 billion, following a larger outflow of $26.82 billion the week before.

Market sentiment improved following the appointment of Scott Bessent as U.S. Treasury Secretary, which heightened expectations for controlled debt levels under the new Trump administration.

Investor confidence surged with Bessent's appointment, coupled with a decline in Treasury yields that eased concerns regarding growth stocks.

In the equity market, U.S. funds saw a substantial cash influx of $12.78 billion for the week ending November 27, 2024, a significant rise from $3.03 billion the previous week.

Sector-specific U.S. funds drew approximately $4.72 billion in net investments, with the financial sector leading at $2.08 billion, followed by consumer discretionary at $990 million, and technology at $962 million.

Large-cap funds attracted $5.27 billion, while small-cap funds saw inflows of $3.11 billion; however, multi-cap and mid-cap funds experienced outflows of $419 million and $137 million, respectively.