Global equity funds post largest inflows in 2 years in week ended Feb 10
Solid corporate earnings and hopes for a big U.S. stimulus package weighed on markets, pushing global equity funds to secure their largest inflows in the week ended Feb. 10.
The past week ended Wednesday, a total of $43.1 billion in equity funds, the largest inflow since mid-March 2019, was purchased by investors. The data was released by Refinitiv Lipper.
The bulk of higher inflows approaching equity funds are from the MSCI world equity index as it hit a record high on Wednesday. Bond funds also posted a higher inflow as U.S. Treasury yields rose. Based on the data, bond yields reached $18.03 billion.
The information technology industry funds chipped in around $7.2 billion in inflows. Refinitiv data reflected a $3.02 billion inflow from emerging-market equity funds and another $2.9 billion inflow from emerging-market bond funds.
Meanwhile, money market funds displayed a total of $3.3 billion in outflows, an indication that investors had more risk appetite during the week.