Global equity funds have seen inflows for the 11th consecutive week, with investors pouring a net $21.15 billion into these funds for the week ended August 5. This follows roughly $27.72 billion in net purchases the previous week, according to LSEG Lipper data.
Strong Earnings Season
Amazon reported its strongest cloud growth in more than four years last week, while Caterpillar and Palantir Technologies posted strong results earlier this week. Earnings data from around 808 MSCI World constituent companies that have reported so far show that their combined profits for the latest quarter rose 40.9% from a year earlier, with about 75% beating analysts’ forecasts.
By region, European equity funds attracted $12.52 billion—the largest weekly inflow since July 8—while Asian funds recorded $8.15 billion in inflows. U.S. funds, however, bucked the trend, with about $1.58 billion in outflows.
Investor Appetite
Among sectoral funds, inflows into technology funds eased to a six-week low of $1.44 billion. Industrials, consumer discretionary and healthcare funds recorded net purchases of $1.08 billion, $710 million and $653 million, respectively.
Meanwhile, investors added a net $12.27 billion to global bond funds, marking their largest weekly net purchase in three weeks. High-yield funds attracted $3.66 billion, the largest weekly inflow in five weeks.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
