Global Investors Cut Equity Funds, Bond Funds Surge

Global investors significantly reduced equity fund purchases, buying just over four billion dollars worth, down from twenty-two billion the previous week. This shift coincides with economic concerns, job loss reports, and a technology stock pullback. Despite this, Asian and US equity funds saw strong interest, while European funds experienced outflows. Global bond funds continued their thirty-week inflow streak, with short-term bond funds reaching a seven-week high. Gold and precious metal commodity funds also saw renewed interest, and emerging market equity funds continued their positive trend.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.