US equity funds attract their first weekly net inflow in three weeks as global risk appetite cautiously recovers

US equity funds recorded their first net weekly inflow in three weeks in the week to 29 July 2026, drawing a net $11.83 billion and snapping a two-week run of outflows, according to LSEG Lipper data reported by Reuters, signalling a cautious recovery in investor appetite after a period of sustained outflows from the asset class. The shift comes against a backdrop of volatile global markets, with the euro posting sharp moves against sterling in July and technical analysts identifying a potential rebound pattern in the currency pair. The euro fell from approximately 0.8617 to 0.8455 against the pound during July before forming what analysts described as a potential reversal signal near month-end. For capital markets practitioners, the return of inflows into equity funds is a meaningful indicator of underlying demand conditions for new issuance. When equity fund flows are negative, investor appetite for initial public offerings (IPOs) and secondary equity offerings narrows, and deal windows tighten. A reversal of outflows, even a modest one, is typically read by issuers and their advisers as a potential opening for pipeline transactions that have been held back during the period of risk-off sentiment. No specific deal activity, UK-listed issuers, or named advisers were linked to this flow data in the available sources.