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Global equity funds post seventh straight week of inflows
Investors bought $38.63 billion in global equity funds as central banks held rates steady and Europe drew the largest regional inflows, LSEG Lipper said.
- Global equity funds attracted $38.63 billion in net purchases through Nov 4, marking their seventh consecutive week of inflows and the largest weekly intake since September 23.
- The Federal Reserve and the European Central Bank held policy rates steady last week, while Benchmark Brent crude futures fell about 15.6%, boosting investor appetite for equities amid market uncertainty.
- Equity funds on the New York Stock Exchange and Asian equity funds attracted $14.81 billion and $8.34 billion respectively, while European equity funds drew $13.25 billion in their largest weekly intake since August 12.
- Global bond funds recorded net purchases of $9.91 billion, their largest weekly inflow since October 7, while commodity funds attracted $269.79 million partly reversing previous week's outflows.
- Demand for technology-sector funds fell to a three-week low of $623.61 million, even as Healthcare and financials saw notable inflows of $1.33 billion and $1.2 billion respectively.
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Global equity funds post seventh straight week of inflows
Global equity funds attracted inflows for a seventh consecutive week through November 4, as major central banks held interest rates steady and crude oil prices declined, even as US and major Asian markets fell amid concerns over AI build-out costs.
·London, United Kingdom
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Global equity funds attracted cash flows for the seventh week in a row, with corporate business results assessed, and following the stabilization of interest rates by the European Federal and Central Reserve. Global equity funds attract flows for the seventh week in a row written in the Stock Exchange.
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