News From Press Global equity funds see big weekly inflows on recovery hopes

Global equity funds see big weekly inflows on recovery hopes

Cyclical sectors led the inflows as more industries reopened after pandemic lockdowns and people started to splurge on discretionary items.

The Economic Times May 8, 2021

Global equity funds attracted massive inflows of investments in the week ending on May 5, boosted by strong corporate earnings and rising hopes of a faster global economic recovery. According to Refinitiv Lipper data, global equity funds attracted $12.9 billion worth of inflows, the highest amount in three weeks. Cyclical sectors led the inflows as more industries reopened after pandemic lockdowns and people started to splurge on discretionary items.

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