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In this illustration from May 26, 2020, rolled Euro banknotes are placed atop US dollar banknotes. Illustration by REUTERS/Dado Ruvic Reuters, July 2 – For the third week in a row, global investors were net buyers of equity funds in the week ending June 30. Inflows were capped by a rise of coronavirus cases in Asia, as well as concerns about high inflation and its impact on monetary policy. Global stock funds received $14 billion in inflows last week, according to Refinitiv Lipper data, down 35 percent from the prior week. European and American equity funds received $6.3 billion and $4.8 billion in inflows, respectively, while Asian equity funds only received $1.9 billion. In the Asia-Pacific, Australia is dealing with tiny but rapidly spreading epidemics, while Indonesia is dealing with unprecedented high case counts. Malaysia is planning to extend its state of emergency, while Thailand has announced new restrictions. find out more In the stock sector, tech funds saw $1.7 billion in inflows, the highest in 11 weeks, while financials saw $1.12 billion in outflows. Fears of the highly infectious Delta virus type spreading drove increased inflows into safer debt funds this week. Global bond funds received a net $14.8 billion in the week ending May 5, according to the statistics. According to data from 2,981 funds, inflows into government bond funds hit a four-week high of $3.3 billion. Money market funds, on the other hand, had withdrawals of $38.1 billion for the third week in a row. Energy funds saw withdrawals for the sixth week in a row, while precious metal funds saw outflows for the second week in a row, with gold prices falling to a two-and-a-half-month low this week. According to an analysis of 23,713 emerging-market funds, stock funds saw net withdrawals of $1.35 billion, the largest since mid-September, while bond funds saw inflows of $530 million, compared to $1.4 billion in outflows the week before. Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru contributed reporting, and Kim Coghill edited the piece. The Thomson Reuters Trust Principles are our standards./nRead More

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