Global equity funds draw fifth weekly inflow on earnings hopes

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 29 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 63%

Bond Funds News

Equity Funds,Corporate Bond Funds,Emerging Market Funds

Global equity funds witnessed fresh investments in the week through July 24 despite a selloff in leading technology stocks as investors remained optimistic...

- Global equity funds witnessed fresh investments in the week through July 24 despite a selloff in leading technology stocks as investors remained optimistic about a still-strong second-quarter earnings season, and potential Fed rate cuts.

Of the 201 S&P 500 companies that have reported earnings so far, 79% beat consensus net income estimates, LSEG data showed.The MSCI's global stock index has still dropped about 1.7% so far this week amid a slump in global tech stocks. Global bond funds, meanwhile, received about $13.35 billion as investors extended net purchases into a 31st successive week.

Among commodities, precious metals funds saw $932 million worth of net buying after about $1.03 billion worth of net purchases a week ago. Energy funds also had $42 million worth of inflows.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines