Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


Global equity funds draw inflows amid economic optimism and easing inflation

(Reuters) – Global equity funds attracted substantial inflows in the week to Jan. 31, driven by upbeat U.S. economic growth data, and inflation readings showing a continued moderation in price pressures.

According to data from LSEG, global equity funds secured a net $7.43 billion in inflows during the week, contrasting with outflows seen during the previous five weeks.

A Commerce Department report last week showed the U.S. economy grew much faster than expected at 3.3% in the last quarter, allaying concerns of an impending recession.

Meanwhile, data last week showed the U.S. personal consumption expenditure index – the Federal Reserve’s preferred inflation gauge – rose moderately in December, bolstering expectations that interest cuts are coming in the months ahead.

By region, Asian equity funds attracted $3.7 billion, the biggest inflow in three weeks. U.S. and European funds pulled in a net $1.83 billion and $1.14 billion, respectively.

Investors put $1.98 billion into tech sector funds, continuing a buying trend into a third successive week. Industrials also attracted $579 million, while the utilities sector saw $1.04 billion in outflows.

Debt funds were in demand for the sixth week in a row, with investors pouring about $12.5 billion into global bond funds on a net basis.

Global high yield funds received $4.25 billion, marking their seventh successive week of net purchases. Government, and loan participation funds also saw $1.5 billion and $452 million worth of net buying.

Concurrently, money market funds obtained $32.89 billion, their first weekly inflow in three weeks.

In the commodities segment, precious metal funds received about $50 million, a significant drop from $511 million worth of net purchases in the previous week. Energy funds, meanwhile, saw $77 million worth of net buying.

Data covering 29,702 emerging market funds showed equity funds saw $361 million worth of net purchases, the first weekly inflow in three weeks, while bond funds suffered about $711 million worth of net selling.


(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Mark Potter)

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts