Investors pulled out $19.2 billion from global equity funds, in their biggest weekly net selling since the third week of December. The U.S., European and Asian equity funds all witnessed withdrawals, amounting to a net $17.22 billion, $3.31 billion and $270 million, respectively. Among equity sector funds, healthcare, industrials and metals & mining suffered $645 million, $613 million and $258 million worth of net selling, respectively. Consumer discretionary, however, obtained a net $507 million inflow.
Global bond funds recorded their first weekly outflow in 11 weeks, amounting a net $5.15 billion, with high-yield funds witnessing $2.51 billion worth of net disposals.
Among commodity funds, precious metal funds obtained about
$250 million, the biggest weekly inflow in seven weeks, while
energy funds saw marginal outflow of $33 million.
Data for 23,846 emerging market funds showed investors
exited $1.23 billion worth of bond funds, and withdrew $1.37
billion out of equity funds after nine weeks of net purchases in
a row.
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Fund flows: Global equities, bonds and money market Fund flows: Global equity sector funds Global bond fund flows in the week ended March 15 Fund flows: EM equities and bonds ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in
Bengaluru; Editing by Shilpi Majumdar)
