美股基金收官2025年表现强劲

Group 1: Market Overview - U.S. stock funds recorded significant net inflows for the second consecutive week, driven by the AI boom, with a net inflow of approximately $16.89 billion, down from $18.3 billion the previous week [1][5] - The S&P 500 index rose by 16.39%, the Nasdaq index by 20.36%, and the Dow Jones Industrial Average by 12.97% in 2025, marking the third consecutive year of gains for these indices [1][5] Group 2: Fund Flows - Large-cap stock funds saw a net purchase of $16.87 billion, a decrease from the previous week's net purchase of approximately $37.4 billion [2][6] - Investors reduced their holdings in small-cap funds by $1.42 billion and mid-cap funds by $0.269 billion during the same period [3][7] - Thematic industry funds experienced a slight net sell-off of $0.116 billion, with healthcare funds seeing a net outflow of $0.502 billion and financial funds a net outflow of $0.290 billion [3][7] Group 3: Bond Market Activity - After 12 consecutive weeks of net inflows, U.S. bond funds faced a redemption of $2.09 billion this week [8] - Short- to medium-term government and treasury funds experienced a net outflow of $5.43 billion, reversing the previous week's net inflow of $7.68 billion [9] - Ordinary taxable domestic fixed income funds and short- to medium-term investment-grade bond funds saw net inflows of $1.17 billion and $0.92 billion, respectively [10] Group 4: Cash Management - Investors significantly increased their holdings in money market funds, with a net inflow of $83.71 billion, marking the largest single-week net purchase in four weeks [10]