GRAPHIC-Global equity funds post biggest inflow in five weeks- Lipper [Reuters]
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Source: Reuters
investors taking fresh positions as equities recovered from earlier declines in the month. Data from Lipper showed global equity funds received a net $16.6 billion in the week, the biggest in five weeks. U.S. equity funds accounted for about half of the inflows, gaining $8.04 billion, while European and Asian funds obtained $3.44 billion and $2.6 billion respectively. Upbeat results from tech heavy weights such as Google parent Alphabet Inc and Microsoft Corp lifted MSCI's gauge of global stocks to fresh peaks this week. According to Refinitiv data for second quarter corporate results, earnings for 72% of global large and mid-cap companies have topped their consensus analyst estimates. However, investors sold Chinese equity funds worth a net $1.1 billion, on concerns over regulatory crackdowns on education, property and tech sectors. Tech sector funds drew a net inflow of $1.1 billion, while consumer staples and healthcare funds obtained over $500 million each. Global bo
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