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- Global equity funds secure biggest inflows in two years in the week to Feb. 10
Global equity funds secure biggest inflows in two years in the week to Feb. 10
Reuters reports that global equity funds led inflows in the week ended February 10, bolstered by upbeat corporate earnings and the prospects of a U.S. stimulus package.
Investors purchased $43.1 billion in equity funds in the past week to Wednesday, the most since at least mid-March 2019, Refinitiv Lipper data showed.
Bond funds also saw a higher inflow of $18.03 billion, the data showed, thanks to rising U.S. Treasury yields.
Funds focused on the information technology sector attracted about $7.2 billion in inflows, the biggest since at least mid-March 2019.
Emerging market funds also attracted heavy inflows in the week. Refinitiv data covering 14,352 emerging-market equity funds and 9,210 emerging-market bond funds showed inflows worth $3.02 billion and $2.9 billion, respectively.
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