Global equity funds attracted inflows for a ninth straight week as fund investors, encouraged by an overall strong third-quarter earnings season, brushed off concerns about lofty tech valuations. LSEG Lipper data showed that investors bought a net $4.43 billion worth of global equity funds during the week to November 19, a touch higher than the prior week's $4.39 billion.
"The third-quarter earnings season was robust, led by tech but with signs of strength across the board," said Mark Haefele, chief investment officer, UBS Global Wealth Management. LSEG data for a combined 4,448 large- and mid-cap companies showed that their profits rose about 15.66% from a year ago in the third quarter, topping analyst expectations of an 8.23% increase.
"We rate global equities as Attractive," UBS's Hae

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