Data from Lipper showed global equity funds received a net $16.6 billion in the week, the biggest in five weeks.
U.S. equity funds accounted for about half of the inflows, gaining $8.04 billion, while European and Asian funds obtained $3.44 billion and $2.6 billion respectively.
Graphic: Fund flows into global equities bonds and money markets: https://fingfx.thomsonreuters.com/gfx/mkt/jnpweglzbpw/Fund%20flows%20into%20global%20equities%20bonds%20and%20money%20markets.jpg
Upbeat results from tech heavy weights such as Google parent Alphabet (NASDAQ:GOOGL) Inc and Microsoft Corp (NASDAQ:MSFT) lifted MSCI’s gauge of global stocks to fresh peaks this week.
According to Refinitiv data for second quarter corporate results, earnings for 72% of global large and mid-cap companies have topped their consensus analyst estimates.
However, investors sold Chinese equity funds worth a net $1.1 billion, on concerns over regulatory crackdowns on education, property and tech sectors.
Graphic: Global fund flows into equity sectors: https://fingfx.thomsonreuters.com/gfx/mkt/zgvomwjeyvd/Global%20fund%20flows%20into%20equity%20sectors.jpg
Tech sector funds drew a net inflow of $1.1 billion, while consumer staples and healthcare funds obtained over $500 million each.
Global bond funds secured a net $7.4 billion worth of inflows, the biggest in three weeks, with inflation-protected bond funds receiving record $2.1 billion worth of inflows in the week.
Doubts over a faster economic recovery from the COVID-19 pandemic and concerns over the Delta variant have lifted inflows into bond markets this month.
Graphic: Global bond funds’ flows in the week ended July 28: https://fingfx.thomsonreuters.com/gfx/mkt/byprjoxddpe/Global%20bond%20funds’%20flows%20in%20the%20week%20ended%20July%2028.jpg
Global money market funds received inflow worth $22 billion, the biggest in three weeks.
An analysis of 23,708 emerging market funds showed investors sold a net $548 million in equity funds and $90 million in bonds funds in the week.
Graphic: Fund flows into EM equities and bonds: https://fingfx.thomsonreuters.com/gfx/mkt/akpezgnryvr/Fund%20flows%20into%20EM%20equities%20and%20bonds.jpg
Source: Economy - investing.com
