Key facts
- Global equity funds saw inflows of $28.16 billion in the week ending October 21.
- Asian equity funds attracted $11.53 billion, the largest weekly inflow since December 2022.
- Technology sector funds attracted $5.05 billion, reversing previous week's sales.
Global equity funds attracted $28.16 billion in inflows for the week ending October 21, marking the fifth consecutive week of positive flows. This trend was supported by a decline in US Treasury yields, which fell below 5% for the benchmark 10-year note, and encouraging corporate earnings reports. Approximately 73% of MSCI All Country World Index constituents that have reported earnings so far have surpassed analyst expectations. Despite a 1.31% dip in the MSCI World Index on Thursday, influenced by Meta's announcement of plans to issue non-voting stock, regional inflows were strong. Asian equity funds saw their largest weekly inflow since December 2022 at $11.53 billion, followed by European funds ($9.14 billion) and US funds ($5.07 billion). Technology sector funds attracted $5.05 billion, reversing previous outflows, while healthcare funds saw $1.83 billion in inflows, and consumer discretionary funds experienced $1.29 billion in outflows. Global bond funds also attracted $9.44 billion, with Swiss franc-denominated bond funds leading the way. Money market funds saw inflows of $15.86 billion after significant outflows the prior week. Gold and precious metals funds attracted $1.29 billion, and emerging market equity funds saw $6.28 billion in purchases.