Global equity funds snap two-week outflow as AI optimism returns
SPY•Global equity funds drew $44.1 billion in the week to September 25, the largest weekly inflow since July 8, ending two weeks of outflows. US equity funds attracted $37.6 billion, while technology funds received $5.29 billion.
1. Equity fund inflows return
Investors bought a net $44.1 billion of global equity funds in the week to September 25, reversing two consecutive weeks of outflows. US equity fund inflows reached a three-month high of $37.6 billion; European and Asian equity funds drew $2.26 billion and $2.21 billion, respectively.
2. Technology leads sectors
Technology funds attracted $5.29 billion, their largest weekly inflow since July 29. The article cited enthusiasm around artificial intelligence, uptake of Meta’s Muse agent and rising semiconductor shipments as factors bolstering demand. Goldman Sachs strategists said AI investment was driving almost half of S&P 500 earnings-per-share growth this year.
3. Bond and commodity flows
Global bond funds received $9.68 billion after a marginal outflow the previous week, while government bond funds saw $1.47 billion in outflows. Gold and other precious-metals funds attracted $885.6 million, their 10th weekly inflow in 11 weeks.
