Global equity funds attracted a net $21.44 billion in the week to June 3, marking the biggest weekly inflow since May 13, according to LSEG Lipper data. Market participants responded to a string of strong technology sector results and renewed investor excitement about the AI boom, lifting demand for equities.
Notable corporate results in the sector included outsized rallies for Dell and HP, which rose 42.6% and 7.1%, respectively, during the week. The technology-led advance pushed the MSCI World Index to a record high of 1,138.3 earlier in the week.
Regionally, European funds accounted for the largest share of equity inflows, receiving a net $11.16 billion. U.S. funds attracted $7.43 billion, while Asian funds saw net purchases of $760 million. In contrast, emerging markets experienced net redemptions, with investors selling a net $2.42 billion of equity funds, marking a sixth consecutive week of net outflows from that segment.
Sector-level flows were concentrated in technology, where funds took in $9.02 billion in their largest weekly net purchase since May 13. The industrials sector also recorded inflows of $1.61 billion, and metals and mining funds drew $747 million.
Fixed income and cash products continued to benefit from investor allocations. Global bond funds attracted $24.23 billion, extending inflows into a ninth successive week. Within bond categories, dollar-denominated medium-term bond funds recorded net inflows of $3.13 billion, short-term bond funds received $2.89 billion, and high-yield bond funds drew $2.53 billion.
Global money market funds posted particularly large net buying, drawing $159.83 billion in the week to June 3. That was the largest weekly net purchase for money market funds since January 7.
Commodity-focused funds were less favored: gold and other precious metals funds saw net outflows of $1.94 billion, extending their run of weekly withdrawals to three consecutive weeks.
On a combined basis across the dataset of 28,972 funds, bond funds in emerging markets bucked the equity trend in that region by attracting $787 million of net inflows during the week.
Data note: All flow figures referenced are reported by LSEG Lipper and cover the week to June 3.