By Reuters Staff
2 Min Read
(Reuters) - Global investors continued to buy equity funds in the week ended May 12, driven by hopes of an economic rebound and expectations of faster vaccine rollouts to curb the pandemic.
FILE PHOTO: A nearly empty trading floor is seen at the New York Stock Exchange (NYSE) in New York, U.S., May 22, 2020. REUTERS/Brendan McDermid/File Photo
According to Refinitiv data, global equity funds received $15.1 billion worth of inflows, the biggest in four weeks.
However, the inflows mainly involved cyclical stocks, while growth funds, which invest in fast-expanding sectors such as tech, faced outflows on concerns over rising inflation levels. (Graphic: Fund flows into global equities bonds and money markets, )