Home Headlines Global equity funds attract inflows for second week in a row
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Global equity funds attract inflows for second week in a row

by jcp

(Reuters) – Global equity funds received inflows for a second straight week in the week to Aug. 17, as investors tempered their expectations for the peak of the U.S. interest rate hike cycle, with a fall in commodity prices pointing to cooling price pressures.

According to Refinitiv Lipper, global equity funds attracted a net $3.22 billion worth of purchases, a 19% increase in inflows over the previous week.

Graphic: Fund flows: Global equities bonds and money market https://fingfx.thomsonreuters.com/gfx/mkt/myvmneylopr/Fund%20flows-%20Global%20equities%20bonds%20and%20money%20market.jpg

Data showed during the reported week that U.S. producer prices declined last month, while another report showed import prices dipped for the first time in seven months in July, which indicated U.S. inflation was finally coming off the boil.

Stronger-than-expected results from Walmart and Home Depot also bolstered views on the health of consumers.

Investors purchased U.S. equity funds worth $6.85 billion, but European and Asian funds suffered outflows of $3.53 billion and $230 million respectively.

Among sector funds, tech, financials, and consumer staples gained $1.29 billion, $931 million and $501 million, respectively in inflows.

Graphic: Fund flows: Global equity sector funds https://fingfx.thomsonreuters.com/gfx/mkt/gkvlgokyxpb/Fund%20flows-%20Global%20equity%20sector%20funds.jpg

Meanwhile, purchases in bond funds continued for a third straight week, with investors pouring in a net $2.15 billion.

High yield bond funds attracted $1.78 billion, marking a fourth weekly inflow, while short- and medium-term funds brought in $663 million. Meanwhile, government funds had outflows of $1.2 billion after two weeks of inflows.

Graphic: Global bond fund flows in the week ended Aug 17 https://fingfx.thomsonreuters.com/gfx/mkt/zdvxozgbxpx/Global%20bond%20fund%20flows%20in%20the%20week%20ended%20Aug%2017.jpg

Investors exited $7.46 billion worth of money market funds in a second straight week of outflows.

Data for commodities funds showed precious metal funds had a eighth week of outflows, with withdrawals of $454 million, while energy funds saw $135 million in net selling, after a week of purchases.

An analysis of 24,426 emerging market funds showed bond funds received $986 million in a third straight week of inflows, although equity funds suffered outflows worth $857 million.

Graphic: Fund flows: EM equities and bonds https://fingfx.thomsonreuters.com/gfx/mkt/movangoalpa/Fund%20flows-%20EM%20equities%20and%20bonds.jpg

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Mark Potter)

You may also like