(Reuters) – Global equity funds attracted their highest inflow in two months in the week ending June 23 as investors focused on prospects for post-pandemic growth rather than the Fed’s restrictive stance the previous year Week to worry.
Global equity funds hit $ 22.9 billion net for the week, the highest since the week ended March 24, data from Refinitiv Lipper showed.
Graphic: Fund flows into global reverse convertibles and money markets – https://fingfx.thomsonreuters.com/gfx/mkt/yxmvjzoyzvr/Fund%20flows%20into%20global%20equities%20bonds%20and%20money%20markets.jpg
Global stocks rebounded from heavy losses this week after the Federal Reserve unexpectedly signaled that it could begin tapering its massive stimulus sooner than expected and also announced its intention to consider unwinding its monetary stimulus.
US equity funds resulted in their largest inflows in 14 weeks, net purchases of $ 16.1 billion. However, European equity funds and Asian equity funds saw inflows of only $ 3.4 billion and $ 1.8 billion, respectively.
Among the equity funds, technology funds saw inflows of $ 1.4 billion.
Graphic: Global Fund Flows into Equity Sectors – https://fingfx.thomsonreuters.com/gfx/mkt/dgkvlrgervb/Global%20fund%20flows%20into%20equity%20sectors.jpg
Meanwhile, global pension funds saw $ 3.5 billion in net purchases for the week ending June 23, the smallest in four weeks.
Inflows into inflation-linked bonds fell to an eight-week low of $ 31 million.
Graphic: Global Bond Flows for the Week Ending June 23 – https://fingfx.thomsonreuters.com/gfx/mkt/jznpnyeabvl/Global%20bond%20funds%20flows%20in%20the%20week%20ended%20June%2023.jpg
However, global money market funds saw an outflow of $ 58.9 billion this week, their largest this year, underscoring the rise in risk sentiment this week.
Among the commodity funds, precious metals funds posted net sales of $ 215 million, while energy funds continued to see outflows for the fourth straight week.
An analysis of 23,735 emerging market funds showed that bond funds with net sales worth 1.23 billion
Graphic: Fund flows into EM stocks and bonds – https://fingfx.thomsonreuters.com/gfx/mkt/yzdvxlobovx/Fund%20flows%20into%20EM%20equities%20and%20bonds.jpg
(Reporting by Gaurav Dogra and Patturaja Murugaboopathie in Bengaluru; editing by Alex Richardson)