U.S. equity funds attracted $20.08 billion in net inflows for the week ending October 16, driven by strong bank earnings and optimism over a potential Federal Reserve rate cut. The financial sector saw the highest inflows in three months at $1.17 billion, while bond funds received $9.78 billion, marking their largest weekly inflow in the same period. Conversely, money market funds experienced $11.79 billion in net sales, the first outflow in four weeks.
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