In a week marked by optimistic market conditions, global equity funds attracted substantial investor interest. Data obtained from LSEG Lipper revealed that a net $49.19 billion was directed into these funds, marking the highest influx since November of the previous year.
The renewed confidence was driven by an inflation report that matched expectations and private payrolls data that fell short, stoking anticipations of potential rate reductions from the Federal Reserve. This sentiment fueled enthusiastic participation in U.S. equity funds to the tune of $36.41 billion, the largest weekly net purchase in almost 11 months, with European and Asian funds also recording notable inflows.
Meanwhile, Ned Davies Research cited a range of positive indicators, including seasonal strength and earnin