In June, emerging market (EM) equity funds saw an inflow of $12 billion, primarily directed into China ETFs, following three months of flat flows, according to BofA Soto. U.S. mutual fund and ETF investors have consistently added to their equity holdings throughout the year, though bond funds have attracted five times more capital year-to-date. U.S. large cap stocks experienced a $3.3 billion inflow for the 12th consecutive week, with the tech sector receiving $1.9 billion, as per Bank of America citing EPFR data. However, U.S. equity funds faced their first weekly outflow in three weeks in the seven days leading up to July 10 due to caution ahead of the new earnings season. Global bond funds saw significant inflows for the 29th straight week, driven by expectations of a Federal Reserve rate cut amid weakening labor market conditions and easing inflation levels. Additionally, there were $35 billion inflows to cash, $12.4 billion to bonds, $10.2 billion to stocks, and $1.0 billion to crypto in the week to Wednesday.