Global equity funds withdrew significant inflows in the week ended February 12, after cutting the Bank of England interest rates encouraging general meetings in European shares, even though they were careful of US Presidential Tariff policies Donald Trump which limits investor activities.
LSEG Lipper data shows that investors buy global equity funds worth $ 5.66 billion for a week, reversing $ 2.47 billion in net sales in the previous week.
The Pan-European Stoxx 600 SXXP index scored a new record in five consecutive days this week, driven by strong income from companies such as Astrazeneca Azn drug makers, Aurubis NDA copper producer, and Societe Generale Gle financial services group.
European equity funds withdrew $ 6.03 billion in an entrance flow for a week, after a net purchase of around $ 3.3 billion in the previous week.
Asian funds withdraw $ 1.46 billion while US funds recorded net sales of $ 2.25 billion.
Global sectoral equity funds also see a net sales of $ 258 million, the first weekly outflow in six weeks. Discretionary funds and consumer health services with $ 987 million and $ 645 million, each in net sales, lead weekly outflows.
Popular global bond funds for the seventh week in a row with a net purchase of $ 10.36 billion.
Short -term global bond funds receive $ 6.22 billion, the highest in five weeks. Loan participation funds and high yield bond funds also experienced strong flows of $ 1.3 billion and $ 1.2 billion respectively.
Investors, meanwhile, pump $ 20.1 billion into the money market fund after a net purchase of around $ 75.13 billion a week earlier.
In the commodity room, the demand for gold and other precious metal funds jumped to the highest in four and a half months when the investor poured $ 1.41 billion into this fund. Energy funds also withdrew the marginal flow of $ 29.19 million.
Investors in developing market equity funds are sellers for the 14th consecutive week because the data that includes 29,627 of this fund shows an outflow of $ 1.11 billion. Conversely, bond funds add $ 695 million net, marking the sixth weekly flow in a row.
Source: Reuters
