Global equity funds suffered their biggest weekly net selling in two months in the seven days to March 1 as global stocks fell after strong U.S. economic data stoked fears about further rises in interest rates.The MSCI's All-World index of global shares dipped 2.64 per cent last week to record its worst w
Global equity funds suffered their biggest weekly net selling in two months in the seven days to March 1 as global stocks fell after strong U.S. economic data stoked fears about further rises in interest rates.
Data from Refinitiv Lipper showed global equity funds saw a net $13 billion worth of outflows in the week to March 1, the biggest amount since Jan. 4. The healthcare, tech and utilities sector funds booked $1.1 billion, $538 million and $450 million worth of outflows, respectively. Still, industrials drew $560 million in inflows.
Meanwhile, global bond funds accumulated $6.83 billion worth of inflows, compared with just $1.46 billion worth of net purchase in the previous week.
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