European equity funds see strong inflows in the week to April 6

A trader works at the Frankfurt Stock Exchange in Frankfurt, Germany February 22, 2022. REUTERS/Timm Reichert

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April 8 (Reuters) – European equity funds attracted strong inflows in the week ending April 6 as the Russian-Ukrainian conflict whetted investor appetite for defense stocks and energy, while other regions saw outflows due to worries about runaway inflation.

European equity funds received a net $4.84 billion during the period, while US and Asian equity funds faced outflows worth $0.93 billion. dollars and $0.15 billion, respectively, according to data from Refinitiv Lipper.

After abandoning European stocks in March, investors this month poured money into sectors such as energy and defense as they stand to benefit from one of the deepest politics in the region for decades. Read more

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Funds Flow – Global Equities, Bonds and Money Market

Among funds in the global sector, technology funds attracted $301 million in a third consecutive week of inflows, while financials, consumer discretionary and real estate funds generated outflows worth $3. $3 billion, $708 million, and $673 million, respectively.

Global bond funds, meanwhile, saw outflows worth $2.08 billion after receiving $4.3 billion the previous week.

Fund Flows – Global Equity Sector Funds

Short-term and mid-term bond funds faced a 13th consecutive week of outflows, worth $3.59 billion, while government bond funds lost $393 million in net sales after two weeks of admissions.

Inflation-protected funds received $382 million, marking their sixth consecutive week of inflows. High-yield funds also saw net purchases for a second consecutive week, receiving $2.04 billion.

Flows of Global Bond Funds During the Week Ended April 6

Global money market funds attracted $4.63 billion in inflows, although that figure was 72% lower than the previous week.

Among commodities funds, precious metals funds received $318 million in a 12th straight week of net buying. In contrast, energy funds lost $219 million in a second consecutive week of outflows.

The data showed that emerging market (EM) equity funds attracted $4.93 billion, while emerging market bond funds attracted $2.61 billion, each seeing a 50% increase. compared to the previous week.

Fund Flow – Emerging Markets Stocks and Bonds
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Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Aditya Soni

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