Global equity funds attract inflows for a fifth consecutive week

Global equity funds experienced a fifth consecutive week of inflows, reaching $28.16 billion during the week ending October 21. This surge came as Treasury yields eased and corporate earnings surpassed expectations. The 10-year US Treasury yield dropped below the 5% level, further encouraging investors. About 73% of MSCI All Country World Index constituents with reported earnings exceeded analyst estimates.

Asia saw the largest inflow, with $11.53 billion added to equity funds, while European equity funds saw a $9.14 billion influx and US equity funds attracted $5.07 billion. Technology sector funds experienced a $5.05 billion inflow, reversing previous week's losses. Healthcare sector funds received $1.83 billion, while consumer discretionary funds saw a $1.29 billion outflow.

Global bond funds continued to attract inflows, drawing $9.44 billion in net inflows. Swiss franc-denominated bond funds experienced the largest weekly inflow since November 2024, at $6.8 billion. Money market funds attracted a significant $15.86 billion in net inflows, following a $47.51 billion outflow the previous week. Gold and other precious metals funds also saw net inflows for the fifth consecutive week, totaling $1.29 billion.

Emerging market funds saw a record $6.28 billion in net purchases, while bond funds experienced a marginal withdrawal of $48.72 million.