Global equity funds draw 22 billion in weekly inflows
Global equity funds attracted 22.01 billion dollars in weekly inflows through August 19, marking a three-week high. Investors remained upbeat on earnings before a late-week market selloff.
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Global equity funds drew $22.01B in net inflows during the third week of August, hitting a three-week high before late-week selling pressure mounted. The weekly gains came as investors bet on a strong second-quarter earnings season across global markets. Rising bond yields and elevated energy costs quickly began to weigh on equity valuations by Friday.
