Global equity fund inflows hit a 6-week high on soft US inflation

Investors snapped up a net $19.32 billion worth of global equity funds during the week, reversing their net sale of $7.63 billion for the prior week

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Global equity funds logged their largest weekly inflows in six weeks in the week to August 13, lifted by a softer-than-expected US inflation print and an extension of a tariff truce between the United States and China which boosted investor sentiment.

Technology stocks drew strong interest, including Apple Inc which pledged new US investments to avoid potential tariffs on iPhones.

Investors snapped up a net $19.32 billion worth of global equity funds during the week, reversing their net sale of $7.63 billion for the prior week, data from LSEG Lipper showed.

US equity funds led regional inflows of net $8.77 billion, partly refilling the outflow of $13.89 billion the prior week. European and Asian funds, meanwhile, drew in net $7.08 billion and $2.07 billion in weekly investments, respectively.

Technology-focused funds witnessed the strongest weekly demand since February 2021, attracting $4.08 billion in net inflows. Conversely, healthcare and communication services sector funds faced net outflows of $835 million and $646 million, respectively.

Global bond funds remained popular for the 17th-straight week, with a net $15.87 billion in investments during the week.

Short-term bond funds attracted $4.42 billion, their second largest weekly inflow in 16 weeks.

Euro-denominated bond funds and corporate bond funds also saw a notable $3.3 billion and $1.37 billion worth of weekly inflows.