Magnificent Seven 'dominance' doubles inflows into US equity funds in Q1

Up from £625m in Q4 2023

Sorin Dojan
clock • 2 min read

Inflows into US equities rose to £1.5bn in Q1 2024, almost double from the previous quarter, due to the "dominance" of Magnificent Seven stocks, according to the Investment Association.

The IA found UK investors returned to the fund markets in March adding £446m, the first inflows since April 2023. The change in sentiment followed heavy capital outflows recorded in January and February of £1.1bn and £2.7bn, respectively.  JPMorgan CEO Jamie Dimon 'cautious' on US soft landing The best-selling IA sector in March was the Global sector, with inflows reaching £842m, while North America gathered £469m. The IA said due to the aforementioned supremacy of the Magnificent Seven stocks, advisers and wealth managers were opting for US companies if they re-allocate into equit...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

Deep Dive: US equities may not have peaked but do require greater selectivity

Deep Dive: US equities may not have peaked but do require greater selectivity

Amid equity rebalancing

Linus Uhlig
clock 13 June 2025 • 4 min read
Partner Insight: Robeco Emerging Markets Equities strategy - Targeting alpha in a new world of growth

Partner Insight: Robeco Emerging Markets Equities strategy - Targeting alpha in a new world of growth

Jan de Bruijn, Director, Emerging Market Equities, Robeco
clock 06 June 2025 • 5 min read
Nedgroup Investments' Rob Burdett: It is time to move underweight equities

Nedgroup Investments' Rob Burdett: It is time to move underweight equities

Reducing exposure

Rob Burdett
clock 03 June 2025 • 2 min read
Trustpilot