Key facts
- Global equity funds saw inflows for the 12th consecutive week ending August 12.
- Total inflows into global equity funds reached $18.62 billion for the week.
- The MSCI All-Country World Equity Index gained 2.85% last week.
- U.S. producer prices were unchanged in July, reducing expectations of a Fed rate hike.
- European equity funds saw their largest inflows since July 8, totaling $13.52 billion.
- Bond funds attracted $18.01 billion, a four-week high, while money market funds saw $28.41 billion in inflows.
Global equity funds have extended their inflow streak to 12 consecutive weeks, driven by optimism surrounding corporate earnings and tempered expectations of further Federal Reserve interest rate hikes. Investors poured a net $18.62 billion into global equity funds during the week ending August 12, slightly surpassing the previous week's $17.27 billion. The MSCI All-Country World Equity Index saw a significant weekly gain of 2.85%. Data indicating unchanged producer prices in July reinforced the view that the Fed might hold rates steady next month. European equity funds experienced their largest inflows since July 8, attracting $13.52 billion, while U.S. and Asian equity funds also recorded positive flows. Conversely, technology sector funds saw outflows, ending a six-week streak of net purchases. Bond funds and money market funds also experienced substantial inflows.