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Global equity inflows hit nine-month peak
Global equity funds experienced withdrawals of approximately $23.21 billion during the week ending September 16th, marking the largest outflow in nine months. This was driven by rising oil prices, which heightened inflation concerns and increased the likelihood of the Federal Reserve raising interest rates. The surge in oil prices fueled inflation fears, coinciding with the Fed's 25 basis point interest rate hike, leading to a significant decline in U.S. equity funds by about $31.44 billion, and European equity funds by $295 million. Conversely, Asian equity funds attracted $6.26 billion. Nonetheless, there were new inflows into the technology, financial services, and consumer goods sectors, totaling $4.49 billion—its highest level in six weeks.
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