Global equity funds see strongly weekly inflows amid U.S. rate cut hopes
Global equity funds see strongly weekly inflows amid U.S. rate cut hopes
Category
🗞
NewsTranscript
00:00 Global equity funds attracted robust inflows of $11.1 billion, driven by optimism over
00:07 slowing inflation and expected US Federal Reserve rate cuts.
00:11 US equity funds led with $9.9 billion in inflows, while European equity funds saw $4.6 billion.
00:20 Asian equity funds experienced outflows of $4.3 billion.
00:26 Their sentiment was positive despite a decline due to strong US economic data reinforcing
00:31 expectations of elevated interest rates.