2022-11-25 12:06:16

Global equity funds face weekly outflows on growth worries

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Channel NewsAsia
By Cna

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Global equity funds saw outflows in the week ended Nov. 23 on worries over a recession due to higher interest rates and fresh lockdowns as COVID cases rise in China.

According to Refinitiv Lipper data, investors withdrew $8.6 billion and $840 million respectively from U.S. and European equity funds but invested $470 million in Asian equity funds.

(Graphic: Fund flows: Global equities bonds and money market - https://fingfx.thomsonreuters.com/gfx/mkt/lbpggnzxjpq/Fund%20flows-%20Global%20equities%20bonds%20and%20money%20market.jpg)

Among equity sector funds, financials, tech, and real estate funds had outflows of $751 million, $429 million, and $390 million, respectively, although consumer staples received $600 million worth of inflows.

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