US equity funds see largest weekly inflow in five weeks

Feb 20 (Reuters) - U.S. equity funds saw a substantial inflow of capital in the week to February 18 on easing worries over a ?selloff in the technology sector ?after a cooler consumer price inflation report boosted expectations of ?Federal Reserve rate cuts.

According to LSEG Lipper data, ?investors racked up a net $11.77 billion ?worth of ?U.S. equity funds, registering their largest net purchase for a week ?since January 14.

"We maintain ?an attractive view on the overall U.S. equity market, but investors should consider diversifying ?concentrated tech positions," ?said Mark ?Haefele, chief investment officer at UBS Global Wealth Management.

"Within technology, selectivity is key."

U.S. equity value ?funds remained in favour for a second ?straight week, attracting net inflows of $2.65 billion in the latest week. Growth funds, meanwhile, saw net outflows of $2.28 billion.

U.S. sectoral funds attracted $1.82 billion, a ?second ?successive weekly net inflow, with industrials ?and tech witnessing net purchases of $1.3 billion and $1.19 ?billion, respectively.

Investors also poured $10.27 billion into U.S. bond funds in a seventh straight week of net purchases.

US short-to-intermediate investment-grade funds, general domestic taxable fixed income funds and short-to-intermediate government and treasury funds attracted a substantial?net ?of $3.61 billion, $2.56 billion and $2.26 billion, respectively.

Money market funds, meanwhile, saw $12.79 billion worth of net purchases, their third ?weekly inflow in ?four weeks.

(Reporting by Gaurav Dogra; Editing ?by Sahal Muhammed)