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Fund flows respond as markets pencil in more icing on US cake
The week ending February 10 saw key US equity indexes hit record highs as another sub-par jobs report for January boosted hopes of a third major stimulus package since the COVID-19 pandemic hit a year ago. Visions of another $1.9 trillion cascading through the US economy – and spilling over into those of major trading partners – also boosted flows into Equity Funds, which posted their biggest weekly total since EPFR started tracking them.