European equity funds came under heavy selling pressure, with outflows of $15.06 billion. Investors also sold $1.7 billion in US equity funds, but bought $2.78 billion in Asian funds.
Financial sector stocks lost $3.76 billion, their largest outflow since April 2020. Investors also sold $623 million and $543 million of consumer discretionary funds and technology funds respectively, but bought energy sector funds for $867 million.
The bonds concerned too
Investors also dumped $11.66 billion of global bond funds, marking the eighth consecutive week of net sales. Short-to-mid-term global bond funds saw net sales worth $5.8 billion, an outflow 88% higher than the previous week, while short-term bond funds high yield posted an outflow of $2.31 billion, marking an eighth consecutive week of net sales.
Meanwhile, government bond funds attracted $4.23 billion in purchases, marking the biggest weekly inflow since Dec. 8, while inflation-protected funds attracted $610 million. of dollars.
Among commodities funds, demand for precious metals funds hit a five-week high, with inflows of $1.46 billion, while energy funds saw marginal outflows of $25 million. dollars after a third week of purchases.
An analysis of 24,438 emerging markets funds showed investors sold bond funds for $3.98 billion, their biggest outflow since at least April 2020, while equity funds saw net sales of $3.98 billion. $731 million.
