Global equity funds draw fifth weekly inflow on earnings hopes
July 26 (Reuters) -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.
According to LSEG data, investors snapped up global equity funds of a net $11.29 billion during the week, after about $26.15 billion worth of net purchases in the prior week.
Amid a slew of corporate earnings, second-quarter results for most U.S. firms including Coca-Cola KO.N, Spotify Technology SPOT.N and AT&T T.N beat market estimates, although, megacap tech names - Tesla TSLA.O and Alphabet - reported lacklustre earnings.
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 .MIWD00000PUS has still dropped about 1.7% so far this week amid a slump in global tech stocks.
By region, U.S. equity funds drew $5.7 billion following $21.7 billion worth of net purchases in the previous week. Asian and European funds also saw $4.09 billion and $1.09 billion worth of inflows during the week.
Sectoral funds, however, witnessed $1.58 billion worth of outflows, with the technology sector experiencing $406 million worth of net selling. The financial sector still gained a net $818 million in inflows.
Global bond funds, meanwhile, received about $13.35 billion as investors extended net purchases into a 31st successive week.
By segment, corporate bond funds led the way as investors poured about $2.75 billion, marking an eighth weekly net purchase in a row. Loan participation, and government bond funds also gained $741 million and $338 million worth of inflows.
Investors, however, ditched money market funds of a net $52.48 billion, halting a three-weeks buying trend.
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.
Data covering 29,558 emerging market funds showed bond funds drew a marginal $50 million in inflows after suffering $801 million worth of outflows in the previous week. Equity funds, meanwhile, saw $748 million worth of net selling.
Fund flows: Global equities, bonds and money markets https://tmsnrt.rs/3Jt3wjr
Fund flows: Global equity sectors https://tmsnrt.rs/3J5InKT
Weekly flows into global bond funds https://tmsnrt.rs/44OuJ93
Fund flows: EM equities and bonds https://tmsnrt.rs/3ysJzD6
Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Maju Samuel
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Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
