From BigGo Finance · BigGo Finance · · 1m 30s
Global Equity Funds Draw $28 Billion as Treasury Yields Retreat
Global equity funds pulled $28.16 billion in net inflows as Treasury yields fell below 5% and earnings beat expectations.
In brief
Global equity funds pulled $28.16 billion in net inflows as Treasury yields fell below 5% and earnings beat expectations. Global equity funds took in $28.16 billion in the week to Oct. 21, a fifth straight week of inflows, as 10-year Treasury yields dropped 15 basis points and 73% of companies beat earnings estimates…
Global equity funds pull $28.16 billion
Global equity funds took in $28.16 billion in net new money in the week through Oct. 21, a fifth straight week of inflows and up from $19.88 billion the week before.
Treasury yields drop 15 basis points
The 10-year US Treasury yield fell about 15 basis points and dipped under 5% as investors sought safer assets.
73% of companies beat earnings estimates
With 18% of MSCI All Country World Index members reporting, 73% of companies beat analyst estimates.
Asia leads with $11.53 billion
Asian equity funds drew $11.53 billion, the most since at least December 2022, followed by Europe at $9.14 billion and the US at $5.07 billion.
Tech funds reverse selling
Technology funds reversed prior selling with $5.05 billion of inflows, while consumer discretionary funds lost $1.29 billion.
Meta's non-voting stock plan sparks concerns
Meta Platforms reported solid results but disclosed plans to issue non-voting stock, causing the MSCI World Index to drop 1.31%.
US bond funds see outflows
US bond funds broke a 26-week inflow streak with $969 million of outflows, while the MSCI World Index fell 1.31%.
The key point
Global equity funds took in $28.16 billion in the week to Oct. 21, a fifth straight week of inflows, as 10-year Treasury yields dropped 15 basis points and 73% of companies beat earnings estimates.
