Global equity funds secure biggest inflows in 2 years in week ended Feb 10

Global equity funds secure biggest inflows in 2 years in week ended Feb 10
  • Clock-gray 13:57
  • calendar-gray 11 February 2021

Global equity funds led inflows in the week to Feb. 10, bolstered by upbeat corporate earnings and the prospects of a U.S. stimulus package, APA reports citing Reuters.

Investors purchased $43.1 billion in equity funds in the past week to Wednesday, the most since at least mid-March 2019, Refinitiv Lipper data showed.

The higher inflows into equity funds come as the MSCI world equity index, which tracks shares in 49 countries, touched a new peaks on Wednesday.

Bond funds also saw a higher inflow of $18.03 billion, the data showed, thanks to rising U.S. Treasury yields.

apa-logo-mini

Other news