U.S. stock funds raked in a record $12.78 billion last week, continuing a fourth week of inflows

US investors poured billions of dollars into stock funds in the week ended November 27, buoyed by the appointment of Trump administration officials and a drop in US Treasury yields that eased concerns about the outlook for growth stocks.Investors bought $12.78bn of US stock funds, up from about $3.03bn in the previous week, according to LSEG Lipper, marking the fourth consecutive week of net buying.Mr Trump’s choice of Scott Baio, a fiscal hawk, as US Treasury secretary last week bolstered expectations that debt levels would remain manageable in his second term.The large-cap and small-cap funds attracted a total of $5.27bn and $3.11bn respectively, but the multi-cap and mid-cap funds saw net outflows of $419m and $137m respectively.Demand for US sector funds was strong, attracting about $4.72bn in net funds, led by net purchases of $2.08bn in financials, $990m in non-essential consumer goods and $962m in technology.US bond funds retained their popularity for the 26th consecutive week, attracting about $6.92bn in net inflows.Investors bought $3.01bn in general domestic taxable income funds for the 15th consecutive week, while US investment-grade short and intermediate-term and mortgage funds also attracted net inflows of $1.53bn and $1.48bn respectively.Meanwhile, investors net sold about $2.37bn of US money market funds, after a net outflow of $26.82bn in the previous week.