Global equity funds draw inflows for a sixth straight week
SPY•Global equity funds attracted $10.19 billion in net inflows in the week ended October 28, down from $25.06 billion the previous week. Asian funds led regional inflows with $9.9 billion, while U.S. equity funds saw $6.65 billion in net outflows.
1. Equity fund flows
Investors added a net $10.19 billion to global equity funds for a sixth consecutive week, with inflows slowing from $25.06 billion the prior week. The rebound in AI and chip stocks, led by South Korea’s SK Hynix after record quarterly profit, lifted demand for technology and Asian funds.
2. Regional and sector trends
Asian equity funds drew $9.9 billion, European funds attracted $4.54 billion, and U.S. equity funds had $6.65 billion in net withdrawals. Technology funds received $5.5 billion, while industrial funds gained $408 million and utilities funds lost $928 million. Markets showed caution over the AI trade ahead of earnings reports from Alphabet, Microsoft and Amazon.
3. Other fund flows
Global bond funds took in $2.72 billion, a six-week low, while money market funds saw $38.5 billion in net outflows. Investors withdrew $1.51 billion from gold and other precious metal funds but added $177 million to energy funds. Emerging-market equity funds attracted $2.2 billion, while bond funds had $1.85 billion in outflows.
