Global equity fund investors halt eight-week buying streak
Investors withdrew a net $6.13 billion from global equity funds in the week ending May 20 as rising long-term borrowing costs dampened risk appetite. While U.S. and Asian funds faced outflows, global bond funds extended their buying streak to a seventh week with $21.89 billion in net purchases.
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Global equity fund investors withdrew a net $6.13 billion during the week ending May 20, ending an eight-week buying streak. It marks the first weekly net outflow since mid-March, when liquidations reached $21.87 billion. Rising long-term borrowing costs and persistent inflation concerns are driving a rotation from stocks into fixed-income assets.
