Global Equity Funds See Ninth Consecutive Weekly Inflow Amid Earnings Optimism
Investors continued to pour money into global equity funds for the ninth consecutive week, with a net inflow of $10.51 billion during the period ending July 22, according to LSEG Lipper data. Despite rising tensions in the Middle East and recent weakness among semiconductor stocks, optimism about an upbeat earnings season drove demand, particularly for European equity funds where blue-chip companies are expected to report their fastest profit growth in over three years. European equity funds saw a net $10.29 billion inflow, while Asian funds attracted $4.5 billion and U.S. funds experienced outflows of $7.34 billion. Technology-sector funds recorded four consecutive weeks of positive flows with $2.12 billion in investments, alongside financials ($1.7 billion) and healthcare ($1.36 billion). Meanwhile, global bond fund inflows dropped to a 16-week low due to inflation concerns linked to rising oil prices.
Topics: earnings expectations equity funds investor sentiment