The MSCI All-World index surged to 3184.32 on Thursday, its highest since January 13, 2022 amid market optimism over the prospects of rate cuts.
According to LSEG data, global equity funds received a net $16.01 billion during the week, logging their most significant weekly net purchase since March 22.
Investors poured about $14.57 billion into U.S. equity funds, the biggest amount since June 14. European and Asian funds however, faced outflows of roughly $1 billion and $182 million, respectively.
Global bond funds, meanwhile, received $1.07 billion in inflows after two successive weeks of outflows.
Investors purchased $2.62 billion worth of global corporate bond funds in contrast to disposals of about $3.9 billion in the prior week. High yield funds also secured inflows, worth about $679 million but government bond funds had outflows of $265 million.
Meanwhile, global money market funds attracted $9.12 billion, their first weekly inflow in three weeks.
Among the commodities segment, precious metal funds attracted about $111 million as inflows extended into a fourth successive week. Energy funds also attracted about $36 million in net buying.
Data covering 29,066 emerging markets funds showed equity funds secured $1.94 billion worth of inflows, breaking a 19-week-long selling streak. EM bond funds however, had $1.33 billion worth of outflows.
Source: Economy - investing.com
