Reuters reports that global equity funds led inflows in the week ended February 10, bolstered by upbeat corporate earnings and the prospects of a U.S. stimulus package.
Investors purchased $43.1 billion in equity funds in the past week to Wednesday, the most since at least mid-March 2019, Refinitiv Lipper data showed.
Bond funds also saw a higher inflow of $18.03 billion, the data showed, thanks to rising U.S. Treasury yields.
Funds focused on the information technology sector attracted about $7.2 billion in inflows, the biggest since at least mid-March 2019.
Emerging market funds also attracted heavy inflows in the week. Refinitiv data covering 14,352 emerging-market equity funds and 9,210 emerging-market bond funds showed inflows worth $3.02 billion and $2.9 billion, respectively.