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Global equity funds see big inflows as risk appetite rebounds -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A Wall Street sign is visible outside New York Stock Exchange (NYSE), New York City, New York. July 19, 2021. REUTERS/Andrew Kelly/File photo/File photo

(Reuters) – Investors believe that Omicron will not cause a significant setback in the world’s economy next year, resulting in massive flows to global equity funds.

Refinitiv data showed that global equity funds were purchased by investors for $33 billion over the week to Dec. 22, as opposed to $13.1 billion.

Graphic: Weekly fund flows into global assets https://graphics.reuters.com/GLOBAL-MARKETS/gdvzymzkjpw/chart.png

The inflow to U.S. equity fund assets was $27.5 billion while Asian equity fund funds received $1.8 billion. European equity funds, on the other hand saw $1.5bn in outflow.

After a downtrend in global stocks earlier this month and aided by reports and strong corporate earnings, global stocks are now on the rebound. Moderna (NASDAQ:) The COVID-19 vaccine from Inc provides protection against Omicron variant.

Graphic: Fund flows into equity sectors https://graphics.reuters.com/GLOBAL-BONDS/xmpjonzjlvr/chart.png

Global bond funds have received $5.4 Billion in global outflows, after having seen them rise the week prior.

Graphic: Bond flows in the week ended Dec. 22 https://graphics.reuters.com/GLOBAL-MARKETS/egpbkozjzvq/chart.png

The positive sentiment about risk was reflected in the outflow of $3.2 billion from money market funds.

Precious metal funds saw net sales of $578 millions, the third weekly outflow in a row.

A study of 24070 emerging market fund funds found that bonds funds experienced outflows of $89 Million, while equity funds sold for $1.8 Billion.

Graphic: Flows into EM equity and bond funds https://graphics.reuters.com/GLOBAL-BONDS/gdpzymznjvw/chart.png

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