Investi Stratix
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
No Result
View All Result
Investi Stratix
No Result
View All Result

Global equity funds see outflows on growth worries; jobs data awaited

by
September 6, 2024
in Stock
0
Global equity funds see outflows on growth worries; jobs data awaited

(Reuters) – Global equity funds experienced their first weekly outflow in four weeks in the week to September 4, as cautious investors pulled back on concerns about global economic growth and ahead of a data-heavy week culminating in the U.S. jobs report.

According to LSEG data, investors sold a net $4.93 billion worth of global equity funds during the week, marking their largest weekly net sales since June 12.

Investors were concerned about the U.S. economy after a report from the Institute for Supply Management (ISM) on Tuesday revealed that U.S. manufacturing had contracted for the fifth consecutive month in August. Additionally, anticipation was building for the non-farm payrolls report, where a weak outcome could heighten fears of a sharp economic downturn.

Investors offloaded a net $11.73 billion worth of U.S. equity funds, marking a fourth weekly outflow in five weeks. On the contrary, European and Asian equity funds still gained about $5.25 billion and $1.88 billion worth of inflows.

The technology sector witnessed a significant $995 million worth of outflow following three weekly inflows in a row. Investors also ditched real estate and consumer discretionary funds of $388 million and $304 million, respectively.

Global investors sought the safety of money market funds as they pumped in a massive $67.92 billion into these funds in a fifth successive week of net purchases.

Simultaneously, investors snapped up global bond funds of a net $10.85 billion, extending net purchases into the 37th consecutive week.

They racked up a robust $3.26 billion worth of corporate bond funds, logging the largest inflow since July 17. Dollar denominated medium-term bond funds and government bond funds also observed $2.8 billion and $1.46 billion worth of net investments.

Concurrently, gold and other precious metal funds garnered a net $792 million worth of inflows, staying popular for the fourth week in a row. Investors also scooped up a net $189 million worth of energy funds.

Data covering 29,588 emerging market funds showed equity funds witnessed a 13th weekly outflow that amounted to a net $419 million. Conversely, bond funds attracted $1.45 billion, the biggest weekly inflow since July 10.

This post appeared first on investing.com
Previous Post

Buffett’s Berkshire continues to dump Bank of America stake

Next Post

Salesforce to buy Own Company for $1.9 billion; analysts ‘really like’ the deal

Next Post
Salesforce to buy Own Company for $1.9 billion; analysts ‘really like’ the deal

Salesforce to buy Own Company for $1.9 billion; analysts ‘really like’ the deal

Subscribe to InvestiStratix.com

    Popular News

    Donald Trump delivers tariff letters to 7 more nations; meets African delegation

    Donald Trump delivers tariff letters to 7 more nations; meets African delegation

    July 10, 2025
    Monster Beverage stock slide 3% after this brokerage downgraded the stock

    Monster Beverage stock slide 3% after this brokerage downgraded the stock

    July 10, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    July 10, 2025
    Donald Trump’s new plan sets 50% tariffs on Copper, up to 200% on Pharma imports

    Donald Trump’s new plan sets 50% tariffs on Copper, up to 200% on Pharma imports

    July 9, 2025
    Moderna stock rallies on HHS lawsuit news: analyst says negative sentiment reversing

    Moderna stock rallies on HHS lawsuit news: analyst says negative sentiment reversing

    July 9, 2025

    Trending News

    Donald Trump delivers tariff letters to 7 more nations; meets African delegation

    Donald Trump delivers tariff letters to 7 more nations; meets African delegation

    July 10, 2025
    Monster Beverage stock slide 3% after this brokerage downgraded the stock

    Monster Beverage stock slide 3% after this brokerage downgraded the stock

    July 10, 2025

    Popular News

    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      July 10, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      July 9, 2025

    About Us

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investistratix.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Economy
    • Forex
    • Stock
    • Editor’s Pick

    Copyright © 2025 investistratix.com | All Rights Reserved