April 24 (Reuters) – Weekly inflows into global equity funds surged to a more than 17-month high in the week through \u200cApril 22, fuelled by optimism over demand for artificial intelligence \u200cand robust first-quarter earnings from some major U.S. banks.<\/p>\n
According to LSEG Lipper data, global \u200bequity funds attracted net weekly investments of $48.72 billion, the largest sum for a week since November 13, 2024.<\/p>\n
Shares of TSMC, the world’s biggest contract manufacturer of advanced AI chips, and high-bandwidth memory (HBM) chip supplier SK \u200cHynix hit record highs \u2060this week, bolstered by upbeat earnings.<\/p>\n
U.S. equity funds drew $27.98 billion, the most in four weeks, while European and \u2060Asian funds saw net inflows of $18.41 billion and $157 million, respectively.<\/p>\n
Sector funds attracted a net $8.22 billion, marking their largest weekly inflows in three months, led \u200bby technology, \u200bindustrials, and metals and mining, which \u200bdrew $6.21 billion, $1.82 billion, and $1.02 billion, \u200crespectively.<\/p>\n
Bond fund inflows rose by nearly a third to $12.85 billion, from $9.78 billion, a week ago.<\/p>\n
Investors pumped a net $3.13 billion into hard currency bond funds in their largest weekly net purchase since March 18. Meanwhile, outflows from short-term bond funds eased to $2.21 billion from $7.08 billion the \u200cweek before.<\/p>\n
Money market funds saw a second \u200bsuccessive weekly outflow to the tune of $20.26 \u200bbillion after the prior \u200bweek’s $173.09 billion weekly net sales.<\/p>\n
Investors extended their recent streak \u200cof net purchases in gold and \u200bother precious metals \u200bfunds into a fourth successive week, investing a net $841 million in these funds.<\/p>\n
Emerging market funds were in demand for a third \u200bstraight week as \u200cinvestors added $4.34 billion into equity funds and $3.64 billion into bond \u200bfunds, data for a combined 28,853 funds showed.<\/p>\n
(Reporting by Gaurav \u200bDogra; Editing by Varun H K)<\/p>\n","protected":false},"excerpt":{"rendered":"April 24 (Reuters) – Weekly inflows into global equity funds surged to a more than 17-month high in…\n","protected":false},"author":2,"featured_media":627072,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,49,48,235004,110901,61],"class_list":["post-627071","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-ca","tag-canada","tag-emerging-market-funds","tag-equity-funds","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/627071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=627071"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/627071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/627072"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=627071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=627071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=627071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}