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According to Refinitiv Lipper data, investors withdrew a net
$5.44 billion out of global equity funds, the highest since the
week ended Oct. 19. MSCI's gauge of stocks across the globe
gained about 6.8% in the last month.
The U.S. and Asian equity funds had outflows of $17.37 billion
and about $170 million, respectively, although investors were
net buyers in European funds with purchases worth $3.02 billion.
Among equity sector funds, tech and financials booked outflows
of $484 million and $308 million respectively. Still, healthcare
funds remained in demand for a seventh week, obtaining a net of
$823 million in inflows.
Meanwhile, global bond funds also remained out of favour for a
fourth consecutive week, recording outflows worth a net $14.14
billion. Global short- and mid-term bond funds lost $3.51
billion in a 15th straight week of outflow, while investors
exited $1.09 billion worth of high-yield funds after two weeks
in a row of purchases.
However, safer money market funds and government bond funds
remained in demand, obtaining a net of $29.07 billion, the
biggest in four weeks, and $1.86 billion respectively.
Data for commodity funds showed energy funds received about $59
million, marking the sixth week of inflows, but precious metal
funds had small outflows. According to data available for 24,756
emerging market (EM) funds, equity funds secured $656 million in
a second straight week of inflows. Bond funds obtained $105
million after witnessing outflows in the previous week.
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in
Bengaluru; editing by Mark Heinrich)
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