Demand for European funds lifts global equity fund inflows to seven-week high
SPY•Global equity funds attracted $50.99 billion in net inflows in the week to November 11, their highest total since September 23, as European funds drew $35.13 billion, their largest weekly inflow since June 2021.
1. Equity fund inflows rise
European funds led inflows into global equity funds in the week to November 11, supported by strong earnings and lower crude oil prices despite a recent selloff in U.S. technology stocks. U.S. and Asian equity funds attracted net purchases of $6.6 billion and $6.15 billion, respectively.
2. Sector and bond flows
Technology, healthcare and financial funds received net inflows of $2.62 billion, $833 million and $820 million, while industrial funds saw $1.07 billion in outflows. Global bond funds recorded $507.89 million in net outflows, ending a seven-week run of inflows; gold and other precious metals funds attracted $614 million.
