World fairness funds hit bumpers within the week main as much as December 2, Lipper says
© Reuters. FILE PHOTO: One US dollar banknote
(Reuters) – Global equity funds saw massive inflows in the week ending December 2, Refinitiv Lipper data showed, as investors pulled out of money market funds looking for higher risk.
According to the data, global investors invested $ 24.1 billion in global equity funds a week. Pension funds had an inflow of $ 16.1 billion.
For a graph of fund flows by asset type:
Money market funds saw outflows of $ 20.3 billion last week, their highest outflow in seven weeks.
Analysis of 12,745 equity funds, based on Lipper’s industry classification, found technology funds to see inflows of $ 1.8 billion, followed by $ 936 million in finance and $ 712 million in healthcare.
For a graphic on global fund flows in equity sectors:
The data also showed developed equity funds saw $ 3.3 billion in inflows over the past week. Emerging market equity funds were net worth $ 2.6 billion.
For a graph of fund flows in EM and DM stocks:
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