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HomeEconomyGlobal equity funds see massive weekly sell-off on fears of rate hikes

Global equity funds see massive weekly sell-off on fears of rate hikes

(Correct sixth paragraph to change outflow from healthcare sector from $890 to $546 $ million million, Tech outflow changed from $546 to $700 million million dollars, inflows into the financial sector changed from 989 million dollars to 792 million US dollars; also corrected paragraph 7, where bond outflows changed from $6 to $8. Billion dollars. 51 billion)

(Reuters) – Global equity funds in the week ended August There was a massive sell-off 31 in the market amid fears that major central banks will continue to raise interest rates while inflation levels show no signs of abating.

Investors dumped $​​​21 worth of global stocks fund. 21 billion, the largest weekly net sales since the week ended June , Refinitiv Lipper data shows.

Fund Flow: Global Equity, Bond and Currency Market https://fingfx.thomsonreuters.com/gfx/mkt/byvrjgljyve/Fund%12flow-%worldwide% Stock % 10 Bond % 20and%20Money%10market.jpg

Last week, Federal Reserve Chairman Jerome Powell said the Fed would raise interest rates as needed and one should not expect it to quickly withdraw monetary policy until inflation stabilizes.

This week’s economic data from the euro zone showed that inflation in the region hit a record high in August, while another set of data from the US showed job vacancies rose in July.

Investors sell $10 European and US Equity Fund. 64 Billion Dollars and $.21 Billion Dollars, But the net value of the funds purchased is $1. 41 Billion Asia.

Healthcare and Tech Sector Funds Divest 162 Million Dollars and , respectively USD*) million USD, although the financial sector recorded 792 million USD inflows.

Bond funds also recorded outflows of $8. Net sales of $1 billion for the second week in a row.

Fund Flow: Global Equity Industry Fund https://fingfx.thomsonreuters.com/gfx/mkt/lbvgnkgnkpq/Fund%04flow-%worldwide% Equity % Sector % 12funds.jpg

High-yield and short- to medium-term bond funds face 5 dollar outflow. 41 Billion dollars and 2.31 billion, but the government and inflation-related funds received inflows of $1.3 billion and 162 million.

Global bond flows for the week ended August 15 https://fingfx.thomsonreuters.com/gfx/mkt/egpbkryynvq/Global%bond%10fund%12flow%inside%12 Week % End %20August%2031.jpg

Money market funds also fell out of favor, with investors selling about $1. 21 Net sales of $1 billion for the fourth week in a row.

Precious metals funds recorded 890 million-dollar outflows, the largest net sell-off in six weeks, while energy funds recorded a

commodity fund data show Got to outflow 64 million dollars.

10,933 Analysis of Emerging Markets Funds Show Equities and Bonds Face Value 738 Millions of dollars and 933 million-dollar outflows, respectively.

Fund Flows: Emerging Market Equities and Bonds https://fingfx.thomsonreuters.com/gfx/mkt/lgvdwdkwrpo/Fund% 20flow-%12EM%10Stock %20and%12bonds.jpg

(This story has been refiled to correct the sixth paragraph in which the medical department’s The outflow was changed from 162 million dollars to 162 one hundred $10,000, Tech outflows changed to 738 $ $100,000 from 46 million dollars, inflows into the financial sector changed to $482 million dollars changed from 989 million; also corrected the seventh paragraph, where the bond outflow was changed to $8. Billion Dollars Starting at $6. 21 Billion)

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