Global Equity Funds Soar to 12th Straight Week of Inflows
Global equity funds have seen their 12th consecutive week of inflows, totaling $18.62 billion in new investments, according to data from LSEG Lipper.
This surge is attributed to a strong earnings season and easing inflation, which has dampened expectations of an imminent Federal Reserve rate hike.
The MSCI All-Country World Equity Index rose by 2.85% due to solid earnings from AI-centric firms like Caterpillar and Palantir.