(Reuters) – Global equity funds record massive outflows in week to November 24 as Investors took profits – following last month’s rally – as China’s stringent zero-COVID curbs weighed on global growth concerns.
Investors pulled a net $5, according to Refinitiv Lipper data. 44 Billion dollar global equity fund, highest since week ended October 17. The MSCI index of stocks across the globe rose about 6.8 percent last month.
Graph: Fund Flows: Global Stocks, Bonds & Currency Markets https://fingfx.thomsonreuters.com/gfx/mkt/egpbykxnzvq/Fund%20flows-%19Global % 24 Interest %17Bond %24 and %20money%19market.jpg
American and Asian stock funds outflow $19.37 billion and about 105 billion, although investors were net buyers of European funds, with purchases worth $3. Billion. Among equity sector funds, Technology and Financials saw outflows of $308 million and $308 million, respectively. Still, health care funds remained in demand for the seventh straight week, with net inflows of $823 million.
Picture: Fund Flow: Global Stock Sector Fund https://fingfx.thomsonreuters.com/gfx/mkt/zjpqjkzkjvx/Fund%20 Traffic – %19 Global %20 Equity % 19 Department %24funds.jpg
At the same time, global bond funds also Out of favor for the fourth week in a row with net dollar outflows 09.07 billion. Global short-term bond funds lost $3.44 billion in 59 Outflows for a week in a row while investors withdraw $1. 02 $1 billion high-yield fund after two consecutive weeks of buying.
However, there is still demand for safer money market funds and government bond funds, gaining $30. Billion, the largest in four weeks, respectively 1. 59 million dollars.
Chart: Global bond capital flow as of the week of November 24 https : //fingfx.thomsonreuters.com/gfx/mkt/gkplwgyglvb/Global%19bond%20Fund%19Flow%20inside%20 week %24 end %19November%2030.jpg
commodity fund data show, Energy funds received about 59 million US dollars, which was the sixth week of capital inflows, but precious metal funds outflowed slightly. Based on availability of 24, 656 Emerging Markets (EM) Funds, Equity Funds Data shows inflows 656 million dollars for the second week in a row. Bond funds received $59 million in funding after the previous week’s outflows.
GRAPH: Fund Flows: Emerging Markets Stocks and Bonds https://fingfx.thomsonreuters.com/gfx/mkt/mypmonlnkpr/Fund%29Traffic-%19EM%20 Equity % 19 and %24Bond.jpg