Global equity funds experienced significant inflows during the week ending July 29, attracting net purchases of $27.21 billion according to LSEG Lipper data. This represented the largest weekly net purchase since July 8, reflecting renewed investor confidence in equities across multiple regions.
U.S. equity funds led the recovery, drawing $11.83 billion in net inflows during the week. This reversed a combined outflow of $10.68 billion recorded over the previous two weeks. European equity funds attracted $7.79 billion in inflows, while Asian equity funds received $5.37 billion, demonstrating broad-based regional strength in equity demand.
Technology sector funds proved particularly popular among investors, capturing $5.67 billion in net purchases—their largest weekly net acquisition since July 8. This investor appetite for technology stocks persisted despite recent negative developments in the sector, including unfavorable cash flow reports from Alphabet and Tesla. Market sentiment shifted following strong quarterly results from Microsoft and Amazon, which eased investor apprehensions about elevated capital spending levels. Global stocks rose approximately 1.5% on Thursday as these results provided reassurance to the market.
Fixed income and alternative asset performance showed mixed results during the period. Global bond fund inflows moderated to $6.16 billion, marking a 17-week low. High-yield bond funds experienced outflows of $789 million, a notable reversal from the prior week’s $815 million in net purchases. Government bond and short-term bond funds saw reduced inflows of $1.99 billion and $478 million respectively, compared to $3.13 billion and $1.74 billion in the preceding week. Money market funds posted their third consecutive week of outflows, declining by $6.55 billion.
Precious metals funds continued their positive momentum with $281 million in net inflows, extending their winning streak to three consecutive weeks. In emerging markets, equity funds attracted $1.75 billion for a third straight week, while bond funds experienced outflows of approximately $800 million.
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