(Reuters) – Global equity funds witnessed higher inflows in the seven days to Jan. 27, as investors remained hopeful of an economic recovery despite worries about a potential delay in stimulus and short-term hurdles in vaccine distribution.
Investors purchased $19.3 billion in equities funds during the period, compared with $14.9 billion in the previous week, Lipper data showed.
For a graphic on Fund flows into global equities, bonds and money markets:
https://fingfx.thomsonreuters.com/gfx/mkt/oakveyyyqvr/Fund%20flows%20into%20global%20equities%20bonds%20and%20money%20markets.jpg
Funds focused on information technology sector attracted $4.3 billion in inflows, the biggest in six weeks, an analysis of 12,739 equity funds based on Lipper’s sector classification showed.
“While recent COVID-19 news and snail-paced vaccine rollouts are frightfully discouraging, the big picture does not change in terms of markets outlook,” said Stephen Innes, chief global markets strategist at Axi.
Investors purchased $15.3 billion in bond funds, while money market funds also attracted $12.4 billion, the biggest in four weeks, as per the data.
For a graphic on Global fund flows into equity sectors:
https://fingfx.thomsonreuters.com/gfx/mkt/jbyvrnnnrve/Global%20fund%20flows%20into%20equity%20sectors.jpg
(Reporting by Gaurav Dogra in Bengaluru; editing by Uttaresh.V)
