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Aug 14 (Reuters) - Global equity funds attracted inflows for a 12th consecutive week through August 12, buoyed by optimism over a strong earnings season and data showing weaker-than-expected U.S.
payroll growth and easing inflation, which tempered expectations of a Federal Reserve rate hike.
Investors bought a net $18.62 billion in global equity funds during the week, slightly more than the previous week's $17.27 billion in net purchases, LSEG Lipper data showed.
The MSCI All-Country World Equity Index, which hit a record high of 1,163.05 on Wednesday, rose 2.85% last week—its best weekly performance since April 17—bolstered by strong earnings from AI-related companies such as Caterpillar and Palantir.
Labor Department report on Thursday showed that producer prices were unchanged in July, reinforcing expectations that the Federal Reserve could leave interest rates unchanged next month.
By region, European equity funds attracted $13.52 billion, their largest weekly net inflow since July 8.
and Asian equity funds also recorded inflows of $2.58 billion and $4.13 billion, respectively.
Investors, meanwhile, withdrew about $1.7 billion from technology-sector funds, ending a six-week run of net purchases.
They, however, bought $1.6 billion in gold and precious metals equity funds and $609 million in consumer staples sector funds.
Weekly net investment in bond funds jumped to a four-week high of $18.01 billion during the week.
Short-term bond funds, euro-denominated bond funds, government bond funds and loan participation funds saw significant buying interest, attracting inflows of $4.45 billion, $2.57 billion, $2.24 billion and $1.06 billion, respectively.
Money market funds also attracted net investments of $28.41 billion, extending their inflow streak to a second consecutive week.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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