Global Equity Funds See Influx, Led by European Gains
Global equity funds recorded significant inflows of $5.66 billion in the week ending February 12. A Bank of England rate cut boosted European shares, driving inflows of $6.03 billion into European equity funds.
Asian equity funds attracted $1.46 billion, while U.S. funds experienced net sales of $2.25 billion. Global sectoral equity funds witnessed outflows of $258 million, led by consumer discretionary and healthcare funds.
Bond funds remained popular, with global bond funds garnering $10.36 billion. Global short-term bond funds received $6.22 billion, the highest in five weeks. Loan participation and high yield bond funds also saw inflows of $1.3 billion and $1.2 billion, respectively.
Money market funds saw an influx of $20.1 billion, following significant purchases the previous week. Demand for gold funds surged, with investors pouring $1.41 billion into these funds. Energy funds also received minor inflows of $29.19 million.
Emerging market equity funds faced outflows of $1.11 billion, while bond funds added $695 million.