Global equity fund inflows hit three-week record at $10.3bn

Global equity fund inflows hit three-week record at $10.3bn

Investment flows into global equity funds jumped to the highest in three weeks in the week ended June 16, as investors shrugged off inflation worries and focused on the improving global economic outlook.

Global equity funds received a net $10.3 billion in the week ended June 16, compared with about $13bn outflows in the previous week, data from Refinitiv Lipper showed.

European equity funds led inflows, luring $8.6bn, while US equity funds and Asian equity funds had net purchases worth $0.4bn and $1.2 bn, respectively.