Global equity funds post seventh straight week of inflows
SPY•Global equity funds drew $38.63 billion in net inflows in the week through November 4, their largest weekly intake since September 23. Global bond funds attracted $9.91 billion, while money market funds took in $172.71 billion.
1. Equity inflows continue
Investors made net purchases of $38.63 billion in global equity funds for a seventh consecutive week through November 4, as major central banks held rates steady and crude oil prices declined. US funds attracted $14.81 billion, European funds $13.25 billion and Asian funds $8.34 billion.
2. Sector and regional flows
European equity funds had their largest weekly intake since August 12. Demand for technology-sector funds fell to a three-week low, with $623.61 million in inflows, while healthcare and financial funds drew $1.33 billion and $1.2 billion, respectively. Emerging-market equity funds recorded $1.91 billion in inflows for a fifth straight week.
3. Bond and cash funds
Global bond funds attracted $9.91 billion, their largest weekly inflow since October 7, including $3.07 billion into government bond funds. Global money market funds drew $172.71 billion, their largest weekly inflow since April 2020.
