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Global equity funds see ninth straight week of inflows through July 22
Investors bought a net $10.51 billion in global equity funds for the week, while U.S. equity funds logged net outflows of $7.34 billion.
Global equity funds attracted inflows for a ninth consecutive week through July 22, with optimism about a robust earnings season helping offset geopolitical uncertainty and recent semiconductor weakness, according to Reuters data cited from LSEG Lipper and LSEG I/B/E/S.
Investors added a net $10.51 billion to global equity funds during the week, slightly below the prior week's $12.48 billion. European equity funds benefited from expectations that quarterly profits for European blue-chip companies are set to grow at the fastest pace in more than three years, while U.S. equity funds posted net outflows of $7.34 billion and Asian funds received $4.5 billion in inflows.
Sector flows showed technology-sector funds drawing $2.12 billion in net inflows for a fourth straight week, with financials and healthcare funds attracting $1.7 billion and $1.36 billion, respectively. Reuters also reported that net investments in global bond funds fell to a 16-week low of $3.34 billion amid renewed crude oil gains and rising inflation concerns, while money market funds saw net outflows of $40.97 billion.
In commodities, investors placed $166 million into energy funds and $1.46 billion into gold and other precious metals funds for a second consecutive week of net purchases. For emerging-market funds, Reuters said equity funds attracted $3.96 billion for a second straight week, while bond funds recorded modest weekly outflows of $43.58 million.
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