Global Equity Fund Inflows Reach Three-Week High Amid Technology Sector Interest
Investors poured $27.21 billion into global equity funds during the week to July 29, marking their largest weekly net purchase in three weeks and signaling renewed confidence amid a market downturn. The inflows were driven by strong interest in technology-sector funds as investors anticipate continued growth from AI advancements despite recent negative cash flows reported by Alphabet (GOOGL) and Tesla (TSLA). U.S., European, and Asian equity funds saw significant net inflows of $11.83 billion, $7.79 billion, and $5.37 billion respectively. Meanwhile, global bond fund inflows slowed to a 17-week low of $6.16 billion during the week, with high-yield bond funds experiencing outflows for the first time in two weeks. Money market funds continued their third consecutive week of net outflows at $6.55 billion, while gold and precious metals funds attracted steady inflows for three straight weeks. In emerging markets, equity fund investments rose to a third consecutive weekly high with $1.75 billion added, although bond funds saw withdrawals.
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Topics: equity fund inflows global markets investor behavior technology sector