Global short- and medium-term bond funds remained in demand for a third week as they received a net $2.38 billion. Still, investors exited $2.27 billion worth of government bond funds, marking their biggest weekly net selling since at least March 2021. Global money market funds recorded outflows of $4.47 billion compared with the previous week's $1.12 billion net purchases. Among commodity funds, investors poured $447 million into energy funds in a second straight week of net buying, while precious metal funds obtained a net $100 million after witnessing a weekly outflow. Data for 24,697 emerging market (EM) funds showed equity funds secured a net $2.74 billion in a fifth successive week of net buying, while bond funds obtained a net $1.3 billion worth of inflows. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Fund flows: Global equities bonds and money market Fund flows: Global equity sector funds Global bond fund flows in the week ended Feb 8 Fund flows: EM equities and bonds ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Devika Syamnath)
Feb 10 (Reuters) - Global equity funds witnessed their
first weekly outflow in five as a stronger-than-expected U.S.
jobs report raised concerns that the Federal Reserve would keep
policy rates higher for longer than anticipated.
Refinitiv Lipper data showed investors withdrew about $209
million from global equity funds in the week to Feb. 8, marking
their first weekly net selling since Jan. 4.
The dollar index gained about 1.1% last week, with
the stellar January U.S. payrolls report prompting investors to
price in the risk of more hikes from the Fed. U.S. equity funds recorded outflows of $470 million,
although investors purchased European and Asian funds of about
$100 million each.
According to the data, healthcare, consumer staples and
energy sectors faced outflows worth a net $1.23 billion, $501
million and $306 million, respectively, while financials
received about $952 million in inflows.
Meanwhile, investors remained net buyers in bond funds for a
sixth week, but the buying dipped to $4.52 billion, the smallest
amount since Dec. 28.
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