Global stock funds see $22B inflow

Data showed that global equity funds attracted record inflows of $22.01 billion during the week ending August 19, marking the largest inflows over three weeks, despite the impact of rising bond yields and oil prices on the market. This occurred amid investor optimism regarding the earnings season, as approximately 90% of companies in the MSCI World Index announced their second-quarter results, which collectively posted a 39.7% increase in profits compared to the previous year. Investors are awaiting earnings reports from companies like NVIDIA, focusing on AI demand indicators and data center revenues, amid ongoing strong demand for US, European, and Asian equity funds. They continue to prefer sector-specific stock funds in technology, gold, and precious metals, while withdrawals were observed in other sectors such as mining and energy. Additionally, bond market inflows persisted for the twentieth consecutive week, with net inflows totaling $15.42 billion, notably in short-term and government bond funds. Gold and precious metals funds also continued their sixth week of inflows. Conversely, the currency markets experienced withdrawals from energy funds, while demand for emerging market equity funds remained steady, with inflows reaching $1.57 billion. The bond market recorded net inflows of $493 million for three consecutive weeks.

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