Global equity funds post seventh straight week of inflows
Zawya · Gaurav Dogra ·
Investors made net purchases of $38.63bln in global equity funds
Global equity funds attracted inflows for a seventh consecutive week through November 4, as major central banks held interest rates steady and crude oil prices declined, even as US and major Asian markets fell amid concerns over AI build-out costs.
Investors made net purchases of $38.63 billion in global equity funds, marking their largest weekly inflow since September 23, according to LSEG Lipper data.
The US Federal Reserve and the European Central Bank left their policy rates unchanged last week, while the ECB hinted at another hike in December.