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US stocks attracted $11bn in inflows last week as China outflows continue: Citi

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US stocks attracted $11bn in inflows last week as China outflows continue: Citi

Investing.com -- Equity funds saw an inflow of $4 billion in the week ending October 23, 2024, while bond funds attracted $13.5 billion, according to Citi.

Emerging markets, however, faced less positive flows. Specifically, China-focused ETFs posted a second consecutive week of outflows, losing $6.4 billion despite a nearly 4% increase in net asset value. Meanwhile, gold funds experienced a notable surge, Citi reveals, drawing in $2.7 billion this week. Since May, cumulative inflows into gold funds have reached $13.6 billion.

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