June 19 (Reuters) – U.S. equity funds attracted a massive influx of capital in the week through June ‌17, as optimism over an interim U.S.-Iran deal to ‌end the war and reopen the Strait of Hormuz eased inflation concerns ​and fueled strong investment in the technology sector.

U.S. equity funds drew a net $38.37 billion in their strongest week since November 13, 2024, with technology sector funds gaining a record $21.46 billion, ‌LSEG Lipper data showed.

The ⁠United States and Iran signed an agreement on Wednesday extending a ceasefire announced in April by ⁠another 60 days, allowing the two sides to negotiate a permanent truce.

The agreement also provides for the full resumption of ​maritime traffic “with ​no charge” through the Strait ​of Hormuz, an important ‌global oil supply route whose closure during the conflict had driven crude prices sharply higher.

U.S. small-cap, multi-cap and mid-cap funds attracted weekly net investments of $6.52 billion, $5.02 billion and $1.42 billion, respectively, while large-cap funds saw a net outflow of $6.55 billion.

Industrial, financial, ‌and metals and mining sector ​funds drew inflows of $2.35 billion, $639 million ​and $586 million, respectively.

U.S. bond ​funds attracted a net $9.85 billion as demand extended ‌into a ninth successive week.

General ​domestic taxable fixed ​income funds and short-to-intermediate investment-grade funds led bond fund flows, with weekly net investments of $3.4 billion and $3.09 billion, ​respectively.

U.S. money market ‌funds drew $53.25 billion in net purchases, reversing $16.6 billion in ​net sales in the previous week.

(Reporting by Gaurav ​Dogra; Editing by Kirsten Donovan)