Has there been renewed interest in global equity funds?

According to Refinitiv, global equity funds saw solid inflows as investors’ risk appetite returned led by the belief that the Omicron variant won’t bring a big setback to the world economy next year.

According to Refinitiv data, investors purchased $33 billion worth of global equity funds in the week ending Dec. 22, compared with an outflow of $13.1 billion in the previous week.

U.S. equity funds attracted an inflow of $27.5 billion, while Asian equity funds obtained $1.8 billion. On the other hand, European equity funds saw an outflow worth $1.5 billion. Global bond funds, on the other hand, saw an outflow worth Rs$3.2 billion during the week, underscoring the positive risk sentiment. An analysis of 24,070 emerging market funds showed bond funds witnessed outflows of $89 million, while investors sold equity funds worth $1.8 billion, data from Refinitiv showed.