Bonds continued to attract inflows
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| Global bonds continue to attract inflows |
Global equity funds attracted significant inflows in the week ending March 20, supported by strong retail and industrial data from China, and optimism about a US Federal Reserve rate cut later this year.
While bond funds continued to attract inflows for the 13th consecutive week, amounting to $4.88 billion. Corporate bonds received $3.17 billion, while government bonds attracted $1.3 billion. On the other hand, investors withdrew $2.12 billion from short-term global bonds.
MSCI Bank for global stocks indicated a new record level of 785.5, and the US Federal Bank is relying on its intention to reduce interest rates 3 times this year.
Data from the London Stock Exchange Group released yesterday, Friday, the twenty-second of March, made up to $15.7 billion in global stocks during the week ending last Wednesday, compared to $21.95 billion in the previous week.
The startup led the way with $14.07 billion, the highest level since mid-June 2023. Australian stocks attracted $3.29 billion, while their European counterparts recorded exits of $1.9 billion.
The technology sector generated $2.12 billion this week, the largest inflows since mid-February, while the financial sector saw more than $1 billion in sales. The metals and mining sector attracted $459 million.
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