ETFs & Funds
Home›ETFs & Funds›Fund Industry›Global equity funds saw inflows for eighth straight we…
Global equity funds saw inflows for eighth straight week
Investors added $12.46 billion to global equity funds through July 15, while money market funds recorded net outflows of $102.53 billion.
Global equity funds pulled in money for an eighth consecutive week through July 15, as investor risk appetite improved with a strong start to the earnings season and cooler U.S. inflation that reduced expectations for additional Federal Reserve rate hikes, according to Reuters. Investors made net purchases of $12.46 billion in global equity funds during the week, following $48.35 billion of net buying in the prior week, based on LSEG Lipper data. Europe led inflows with $9.49 billion in net purchases, while Asian funds drew $5.4 billion and investors sold about $4.8 billion of U.S.-focused funds. Sector flows showed technology fund inflows of $3.37 billion, the smallest in three weeks, while financials and healthcare posted weekly inflows of $567 million and $558 million, respectively. Global bond funds also attracted net inflows of $16.16 billion, including $3.38 billion into government bond funds and $4.17 billion into short-term bond funds. Money market funds, however, experienced net outflows of $102.53 billion, their largest weekly net sales since April 15. In commodities, investors bought $376 million of gold and other precious metals funds after an eight-week selling streak, while energy funds saw net outflows of $145 million.
type_note_dek_used_not_in_headline_facts_listed_as_dek_and_body_numbers_verified_from_source
Latest closeGold $3,981.40 ▼1.6%