Monday, September 26

Risk appetite: equity funds go out of business

Equity funds received massive inflows of money as risk appetite returned. Investors believe the omicron variant will not cause a major setback to the world economy next year.

According to data from Refinitiv, investors bought global equity funds for $ 33 billion in the week ending December 22, compared with an outflow of $ 13.1 billion in the previous week.

US equity funds attracted $ 27.5 billion, while Asian equity funds brought in $ 1.8 billion. On the other hand, European equity funds posted an outflow of $ 1.5 billion.

Global stocks have made a strong recovery this week after their downtrend for the month.

The exchanges are driven by strong corporate earnings and reports that Moderna’s Covid-19 vaccine provides protection against the omicron variant.

Meanwhile, global bond funds received $ 5.499 billion, after seeing outflows in the previous week.

● Consult the magazine’s Fund Managers guide Investment to know the who’s who of the sector in Spain.