Global equity funds see biggest weekly inflows in 2 months – Lipper


A U.S. dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration

June 25 (Reuters) – Global equity funds lured the highest inflow in two months in the week ended June 23, as investors focussed on prospects for post-pandemic growth rather than fretting over the hawkish stance taken by the U.S. Federal Reserve last week.

Global equity funds received a net $22.9 billion in the week, the biggest since the week ended March 24, data from Refinitiv Lipper showed.

Global stocks have rebounded this week after steep losses after the Federal Reserve unexpectedly signalled that it could begin tapering its massive stimulus sooner than expected and also flagged its intention to consider withdrawing its monetary stimulus moving forward.

U.S equity funds led inflows with net purchases worth $16.1 billion, which was the biggest in 14 weeks. However, European equity funds and Asian equity funds had inflows…

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