Still, the Federal Reserve raised its benchmark rate by half a percentage point on Wednesday and said it would deliver more rate hikes next year.
According to Refinitiv Lipper data, investors poured a net $1.01 billion into global equity funds in their first weekly net buying since Nov. 2.
Graphic: Fund flows: Global equities, bonds and money market, https://fingfx.thomsonreuters.com/gfx/mkt/klvyggqqbvg/Fund%20flows-%20Global%20equities%20bonds%20and%20money%20market.jpg U.S. and Asian equity funds drew a net $3.4 billion and $500 million, respectively, in inflows, but investors exited European funds to the tune of about $2.14 billion.
Among equity sector funds, financials, consumer staples, and materials saw net purchases of $559 million, $292 million and $212 million, respectively, but tech witnessed a net outflow of $839 million.
Graphic: Fund flows: Global equity sector funds, https://fingfx.thomsonreuters.com/gfx/mkt/dwpkddkkqvm/Fund%20flows-%20Global%20equity%20sector%20funds.jpg Investors withdrew about $1.53 billion net from global bond funds after a net purchase of $4.96 billion last week.
Short- and mid-term bond funds recorded a 17th straight week of net selling, worth $1.54 billion, but high-yield and government bond funds received net inflows amounting to $4.24 billion and $1.92 billion, respectively. Graphic: Global bond fund flows in the week ended Dec. 14, https://fingfx.thomsonreuters.com/gfx/mkt/xmvjkkbbxpr/Global%20bond%20fund%20flows%20in%20the%20week%20ended%20Dec%2014.jpg Money market funds saw a net $12.95 billion outflow after three straight weeks of net purchases.
Data for commodity funds showed energy funds gained about $190 million in an eighth week of net buying but precious metal funds posted a ninth consecutive week of net selling, with outflows of $201 million.
According to data available for 24,687 emerging market (EM) funds, bond funds were in demand for the third week in a row, accumulating $636 million in net buying. Equity funds also received inflows worth $215 million after a weekly outflow. Graphic: Fund flows: EM equities and bonds, https://fingfx.thomsonreuters.com/gfx/mkt/zjvqjjnnmpx/Fund%20flows-%20EM%20equities%20and%20bonds.jpg
Source: Economy - investing.com
