Global equity fund inflows surge to three week highs
SPY•Bond and money market flows slow
Inflows in global bond funds cooled to a 17-week low of $6.16 billion during the week.
High-yield bond funds saw outflows of $789 million, broadly reversing the $815 million in net purchases of the previous week.
Net weekly investments in government bond funds and short-term bond funds also slowed to $1.99 billion and $478 million, respectively, from $3.13 billion and $1.74 billion the prior week.
Money market funds stayed out of favor for a third consecutive week, posting net outflows of $6.55 billion.
Gold and other precious-metals funds attracted net inflows of $281 million, extending their winning streak to three weeks.
In emerging markets, investors added $1.75 billion to equity funds for a third straight week but withdrew roughly $800 million from bond funds, according to data covering 28,913 funds.
U.S., Europe and Asia see equity inflows
Investors poured $11.83 billion into U.S. equity funds during the week, reversing combined outflows of $10.68 billion over the previous two weeks.
European and Asian equity funds also attracted $7.79 billion and $5.37 billion, respectively in net inflows.
Investors poured $5.67 billion into technology-sector funds for their largest weekly net purchase since July 8. They also bought $2.1 billion in financial-sector funds and $766 million in consumer staples funds.
Global equity fund inflows hit a three-week high
July 31 (Reuters) - Global equity fund inflows rose to their highest in three weeks during the week to July 29, as investors snapped up technology sector funds during a market downturn, anticipating that the AI-driven advance has further to go.
