Demand for global equity funds rose sharply in the seven days to May 8, driven by renewed bets on Federal Reserve interest rate cuts after a softer than anticipated U.S. employment report.
May 10 -
European equity funds led the way, attracting about $6.21 billion in a second successive week of net buying. Asian and U.S. equity funds recorded net purchases of $4.71 billion and $1.14 billion, respectively. Debt funds were also in demand with investors pumping a net $12.6 billion into global bond funds, the most in a week since April 10.
Among commodities, investors ditched $493 million worth of precious metal funds, the largest net weekly withdrawal since April 17. Energy funds lost a net $93 million.
MTGFX MTPIX ANLINS BISV BISV08 BSUP CEN CMPNY CMSS CMSS08 DBT ECI ECO FIN FINS FINS08 FUND GOVACT GVGVF GVGVF1 HYD INDS INDS08 INT INVBIS INVM INVM1 INVS08 ISER ISER08 KMOVE MCE PLCY PRIVT PVE TRNPAY AMERS US NAMER ASXPAC ASIA ECON MPLT
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