Investors added $28.16 billion to global equity funds through Oct. 21 as the inflow streak reached five weeks, with Asian funds taking the largest regional share, Reuters reported, citing LSEG Lipper.
The U.S. Treasury's daily par yield curve shows the 10-year yield at 5.24% on Oct. 9 and 5.09% on Oct. 16 before slipping to 4.96% Thursday, Oct. 22. The Treasury says the curve uses indicative market quotations gathered at or near 3:30 p.m. ET. Reuters cited lower U.S. yields and early earnings reports as factors it said supported investor sentiment.
The $28.16 billion equity-fund total exceeded the previous week's $19.88 billion. Asian equity funds took in $11.53 billion, the highest weekly total in data reaching back at least to December 2022. Europe drew $9.14 billion and the United States $5.07 billion, according to Reuters' report of LSEG Lipper data.
The same data showed $5.05 billion flowing into technology funds after $4.77 billion had left them in the preceding week. Healthcare funds added $1.83 billion, while consumer discretionary funds had $1.29 billion in net outflows, Reuters reported.
Outside equities, global bond funds received $9.44 billion in inflows, their fifth consecutive week of gains. Money-market funds booked $15.86 billion after $47.51 billion had been withdrawn the week before, Reuters reported, citing LSEG Lipper.
Reuters also cited LSEG data showing that nearly 18% of MSCI All Country World Index constituents had reported earnings, with about 73% beating the average analyst estimate. The MSCI World Index fell 1.31% Thursday after Meta reported results and announced a non-voting share class, Reuters reported. A filing with the U.S. Securities and Exchange Commission records the board's approval of the new Class C shares and shareholders' approval by written consent on Oct. 20.
