financetom
World
financetom
/
World
/
Global equity funds draw inflows on European rally
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Global equity funds draw inflows on European rally
Feb 14, 2025 4:12 AM

(Reuters) - Global equity funds attracted significant inflows in the week ending February 12, after a Bank of England rate cut drove a rally in European shares, although caution over U.S. President Donald Trump's tariff policies limited investor activity.

LSEG Lipper data showed investors bought global equity funds worth a net $5.66 billion during the week, reversing their $2.47 billion in net sales the prior week.

The pan-European STOXX 600 index hit new records on five consecutive days this week, driven by strong earnings from companies such as drugmaker AstraZeneca, copper producer Aurubis, and financial services group Societe Generale.

European equity funds attracted a hefty $6.03 billion in inflows during the week, following net purchases of about $3.3 billion in the previous week.

Asian funds attracted a net $1.46 billion while U.S. funds recorded net sales of $2.25 billion.

Global sectoral equity funds also saw a net $258 million worth of sales, the first weekly outflow in six weeks. Consumer discretionary and healthcare funds with $987 million and $645 million, respectively in net sales, led the weekly outflows.

Global bond funds were popular for the seventh week in a row with a net $10.36 billion in purchases.

Global short-term bond funds received $6.22 billion, the highest in five weeks. Loan participation funds and high yield bond funds also experienced robust inflows of $1.3 billion and $1.2 billion, respectively.

Investors, meanwhile, pumped $20.1 billion into money market funds following net purchases of about $75.13 billion the week before.

In the commodities space, demand for gold and other precious metals funds jumped to the highest in four and a half months as investors poured $1.41 billion into these funds. Energy funds also drew a marginal $29.19 million in inflows.

Investors in emerging market equity funds were sellers for a 14th consecutive week as data covering 29,627 of these funds showed outflows of $1.11 billion. Conversely, bond funds added a net $695 million, marking the sixth consecutive weekly inflow.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CANADA FX DEBT-Canadian dollar edges up from 2-week low as stocks rally
CANADA FX DEBT-Canadian dollar edges up from 2-week low as stocks rally
Sep 10, 2024
* Canadian dollar gains 0.1% against the greenback * Price of U.S. oil increases 1.5% * 10-year yield rises 4.4 basis points * Curve moves closer to disinversion By Fergal Smith TORONTO, Sept 9 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Monday as Wall Street rallied, but the move was limited ahead of a speech by...
Wall Street Rebounds From Data-Fueled Losses, Driving Premarket Gains for US Equity Futures Pre-Bell
Wall Street Rebounds From Data-Fueled Losses, Driving Premarket Gains for US Equity Futures Pre-Bell
Sep 10, 2024
09:00 AM EDT, 09/09/2024 (MT Newswires) -- US equity futures posted gains ahead of Monday's opening bell, rebounding from losses in the previous session fueled by a weaker-than-expected monthly jobs report. The Dow Jones Industrial Average futures rose 0.6%, S&P 500 futures increased 0.6% and Nasdaq futures were up 0.7%. The Bureau of Labor Statistics reported Friday nonfarm payrolls of...
TSX Closer: The Market Closes Higher on Rising Commodity Prices, Rate Cut Hopes
TSX Closer: The Market Closes Higher on Rising Commodity Prices, Rate Cut Hopes
Sep 10, 2024
04:18 PM EDT, 09/09/2024 (MT Newswires) -- The Toronto Stock Exchange closed higher on Monday following four losing sessions, buoyed by resource issues as commodity prices rose, while expectations for an economic boost from interest-rate cuts in Canada and its No.1 trade partner boosted financial issues. The S&P TSX Composite Index closed up 245.72 points to close at 23,027.15. Health...
European Equities Open Week Higher; HSBC Mulls Combining Commercial, Investment Divisions
European Equities Open Week Higher; HSBC Mulls Combining Commercial, Investment Divisions
Sep 10, 2024
12:28 PM EDT, 09/09/2024 (MT Newswires) -- The European stock markets closed higher on Monday as the Stoxx Europe 600 rose 0.76%, the Swiss Market Index gained 0.61%, France's CAC increased 0.99 %, the FTSE in London climbed 1.09%, and Germany's DAX closed 0.71% higher. Former European Central Bank President Mario Draghi said in a report Monday that the European...
Copyright 2023-2025 - www.financetom.com All Rights Reserved