Global equity funds receive biggest money inflow in four weeks – Lipper
Global equity funds witnessed heavy inflows in the week ended May 12, in the wake of the vaccine optimism-driven faster economic turnaround, Refinitiv Lipper data showed on Friday.
Additional takeaways
“Global equity funds received $15.1 billion worth of inflows, the biggest in four weeks.”
“Financials and mining sector funds received $1.3 billion each, while tech sector funds faced outflows worth $1.2 billion in the week.”
“Global inflation-protection bond funds obtained $1.9 billion, the highest in four months.”
“Overall, global bond funds received an inflow of $11.2 billion. Japan and Indian bonds witnessed outflows in the week, due to jitters about a surge in coronavirus cases.”
“Among commodities, gold and precious metal funds received $305 million, the biggest inflows in 14 weeks.”
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
