Global Equity Funds Extend Winning Streak on Earnings Optimism
Global equity funds attracted $12.46 billion in net inflows during the week ending July 15, marking the eighth consecutive week of investor inflows as strong corporate earnings and easing U.S. inflation boosted market confidence.
According to LSEG Lipper data, European equity funds led with $9.49 billion in inflows, followed by Asian funds with $5.4 billion, while U.S. equity funds recorded $4.8 billion in outflows. Technology funds attracted the largest sector inflows at $3.37 billion, while global bond funds extended their buying streak to 15 weeks with $16.16 billion in new investments.
Analysts said improving earnings from major banks and technology companies, along with expectations that the Federal Reserve may delay further rate hikes, helped support investor sentiment despite ongoing geopolitical risks.