European Funds Drive Global Equity Inflows
European funds led global equity fund inflows to a seven week high of 50.99 billion dollars in the week to November 11. Strong earnings and lower oil prices boosted European equities despite US tech sector selloffs.
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European funds pulled $35.13B in net inflows during the week to November 11, pushing global equity fund inflows to $50.99B, according to LSEG Lipper data released on Thursday. The weekly total marks the highest level for global equity funds since September 23, driven by strong regional earnings and lower Brent Crude Oil prices. This surge offset a recent selloff in United States technology stocks, defying broader market caution.
