Global equity funds see strongest inflows in five weeks as AI concerns ease
Global equity funds saw their largest inflows in five weeks as easing AI concerns and rate cut hopes boosted sentiment. European and US markets led the surge.
Insights:
Global equity funds recorded net inflows of $36.33 billion in the week to February 18, marking the strongest weekly net purchase since January 14 and the largest in five weeks. According to London Stock Exchange Group plc Lipper data, the surge in demand was driven by easing concerns regarding artificial intelligence stocks, a notable sector rotation, and renewed expectations for interest rate cuts by the Federal Reserve.
