Global equity funds draw inflows for second week as AI optimism holds
SPY•Global equity funds attracted $34.76 billion in net inflows in the week through September 30, down from $44.31 billion the prior week. US equity funds drew $20.6 billion, while global bond funds attracted $4.76 billion and money market funds saw $116.52 billion in outflows.
1. Equity fund flows
Global equity funds recorded $34.76 billion in net inflows for a second straight week. US equity funds drew $20.6 billion, while European and Asian equity funds attracted $6.19 billion and $6.16 billion, respectively.
2. AI and sector flows
Optimism around AI investment supported risk appetite, alongside softer-than-expected US inflation. Micron forecast quarterly revenue above estimates, and Goldman Sachs said the largest US hyperscalers are on track to spend about $800 billion on capital expenditure in 2026, with consensus expecting $1.1 trillion in 2027. Technology funds had $2.63 billion in outflows, while financial and utility funds drew $1.13 billion and $468 million.
3. Other fund activity
Global bond funds attracted $4.76 billion, while money market funds posted $116.52 billion in net outflows, their largest weekly withdrawal since April 15. Emerging-market equity funds saw $1.37 billion in outflows for a fourth straight week, and emerging-market bond funds had $1.75 billion in outflows.
