Record Inflows into Equity Funds in the Ninth Week

Investor Interest in Global Equity Funds is Growing

Global equity funds have recorded inflows for the ninth consecutive week as investors have put aside concerns about high technology valuations following strong financial results for the third quarter. In the week ending November 19, investors allocated a net 4.43 billion dollars to equity funds worldwide. This amount represents a notable increase over the previous week's inflow of 4.39 billion dollars.

Weaknesses in the Technology Sector Left Behind

Mark Haefele, Chief Investment Officer at UBS Global Wealth Management, noted that the financial results for the third quarter were very strong, led by the technology sector, and that the overall economic outlook remains resilient. In total, the third-quarter profits of 4,448 large and mid-sized companies rose by 15.66% year-on-year, significantly exceeding analysts' forecast of 8.23%.

Investor Movements: Regional Differences

Last week, investors directed 4.36 billion dollars to U.S. equity funds and 3.13 billion dollars to Asia equity funds, while experiencing an outflow of 6.03 billion dollars from Europe-focused funds. In particular, health sector funds recorded their highest weekly inflow since 2022 with 2.46 billion dollars. Meanwhile, there were outflows of 1.12 billion dollars and 895 million dollars from consumer and technology funds, respectively.

Global Bond Funds and Precious Metal Inflows

Global bond funds received 10.55 billion dollars in inflows for the 31st consecutive week. Money market funds, on the other hand, saw a total outflow of 7.51 billion dollars for the second week. Additionally, gold and precious metal funds attracted 5.2 billion dollars, marking the strongest weekly inflow recorded as of October 22.