Global equity funds see third successive weekly inflows- Lipper

(Reuters) – Global investors were net buyers of equity funds for a third successive week in the week to June 30. However, a resurgence of coronavirus cases in Asia and concerns over high inflation levels and their impact on monetary policy capped inflows.

FILE PHOTO: Rolled Euro banknotes are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration

According to Refinitiv Lipper data, global equity funds received inflows of $14 billion in the week, though the tally was down 35% from the previous week.

European equity funds and U.S. equity funds had inflows worth $6.3 billion and $4.8 billion respectively, while Asian equity funds received only $1.9 billion.

Title: Fund flows into global equities bonds and money markets,

In the Asia-Pacific, Australia is battling small but fast growing outbreaks, while Indonesia is also grappling with record high-cases. Malaysia is set to extend a lockdown and Thailand has announced new restrictions.

Among equity sector funds, tech funds lured inflows of $1.7 billion, the biggest in 11 weeks, while financials saw outflows worth $1.12 billion.

Fears over the spread of the highly infectious Delta virus variant prompted more inflows into more safer debt funds during the week.

The data showed global bond funds received a net $14.8 billion, the biggest since the week ended May 5.

Title: Global fund flows into equity sectors,

Inflows into government bond funds jumped to a four-week high of $3.3 billion, data from 2,981 funds showed.

Meanwhile, money market funds saw outflows of $38.1 billion, their third consecutive week of net sales.

In the commodities space, energy funds recorded a fifth straight week of outflows, while precious metal funds also had outflows for a second consecutive week, with gold prices dipping to a 2-1/2 month low this week.

An analysis of 23,713 emerging-market funds showed equity funds had net selling worth $1.35 billion, the biggest outflow since mid-September, while bond funds had inflows of $530 million, compared with $1.4 billion worth of outflows in the previous week.

Title: Fund flows into EM equities and bonds,

Title: Global bond funds flows in the week ended June 30,

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