Global equity funds drew massive inflows for a second week in the seven days to Dec. 29 as investors welcomed signs that the economic impact from the spread of the Omicron COVID-19 variant would not be as significant as feared.
Sentiments were also boosted by signs that governments are trying to limit economic damage by relaxing rules on isolation and delaying COVID curbs, rather than resorting to lockdowns.U.S. equity funds secured $19.43 billion in net buying, while European and Asian funds attracted $5.62 billion and $1.44 billion respectively.
Global high-yield funds pulled in $2.64 billion in net buying, the biggest inflow in seven weeks, while corporate bond funds drew $1.74 billion and inflation-linked funds $875 million.Global bond fund flows in the week ended Dec 29
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global COVID cases up by 11% last week, omicron risk 'remains very high': WHOThe World Health Organization says the number of COVID-19 cases recorded worldwide increased by 11% last week compared with the previous week.
Read more »
WHO: Global COVID cases up 11% last week, omicron risk highThe World Health Organization says the number of COVID-19 cases recorded worldwide increased by 11% last week compared with the previous week, with the biggest increase in the Americas. The gain followed a gradual increase since October.
Read more »
Four Years After #MeToo, We Need a Movement Led by Women of the Global SouthFour years after MeToo went viral, women continue to come forward with their stories of sexual harassment in the workplace and elsewhere. Unfortunately, we can only tell some women's MeToo stories after it's too late. If we're going to realize the promise of the MeToo movement for all women, we need to start with addressing the immigration, caste and other systems that harassers and abusers use to exert power over women.
Read more »
Mariah Carey’s ‘All I Want For Christmas Is You’ Holds Atop Billboard Global Charts'All I Want For Christmas Is You' by Mariah Carey is one of several holiday jingles that made the Global200 chart.
Read more »
China says U.S. has lost global credibility, urges Russia alignmentForeign Minister Wang Yi said on Thursday that Moscow and Beijing can together resist American 'hegemonism.'
Read more »
Economists question whether China will ever overtake the U.S. as the top global economySome economists point to a shrinking workforce, stringent control by the ruling party and the middle-income trap as possible pitfalls that will prevent China from achieving its ambitions.
Read more »