Global Equity Funds Draw Inflows for Seventh Week
Investors added a net $4.35 billion to global equity funds in the week ending May 6, driven by robust first-quarter earnings and a technology sector rally. While Asian and European funds saw gains, U.S. funds faced outflows. Global bond and money market funds also reported significant net additions.
Global equity funds drew $4.35 billion in net inflows during the week through May 6, marking a seventh consecutive week of gains. Strong first-quarter earnings and potential peace between the United States and Iran supported the streak. Investors are rotating into tech while exiting healthcare as global indices reach record highs.
### Tech Earnings Drive Record Highs The $4.35 billion inflow was the smallest weekly addition since March 18, according to LSEG Lipper data. The MSCI World Index reached a record 1,108.94 on Thursday. Sentiment rose after ADVANCED MICRO DEVICES reported earnings that exceeded expectations.
