Global equity funds attract inflows for a fifth consecutive week
SPY•Global equity funds drew $28.16 billion in net inflows in the week through October 21, up from $19.88 billion the previous week. Bond funds attracted $9.44 billion, while money market funds gained $15.86 billion.
1. Equity fund inflows rise
Global equity funds attracted net inflows for a fifth consecutive week as easing Treasury yields and strong early corporate earnings lifted investor sentiment. Inflows reached $28.16 billion, compared with $19.88 billion the previous week. Of the nearly 18% of MSCI All Country World Index constituents that had reported earnings, about 73% exceeded the average analyst estimate.
2. Regional and sector flows
Asian equity funds drew $11.53 billion, their largest weekly inflow since at least December 2022. European funds attracted $9.14 billion and U.S. funds $5.07 billion. Technology funds reversed the previous week's $4.77 billion in net sales with $5.05 billion in inflows; healthcare gained $1.83 billion, while consumer discretionary funds lost $1.29 billion.
3. Bond and other funds
Global bond funds attracted $9.44 billion for a fifth consecutive week. Money market funds gained $15.86 billion after $47.51 billion in net outflows the previous week. Gold and other precious metals funds drew $1.29 billion, while emerging market equity funds received $6.28 billion, their largest weekly net purchase since August 5.
