Global investors continued to pour money into equity funds on hopes over global economic recovery and vaccine optimism, shrugging off concerns about inflation levels.
Investments into U.S. equity funds surged this week, as a retreat in U.S. bond yields and optimism over the approval of the Biden administration's $1.9 trillion stimulus relief bill bolstered inflows.
London s FTSE 100 ended little changed on Wednesday as easing inflation concerns pulled down mining and banks stocks and pushed flows into defensive sectors such as consumer staples and. | March 11, 2021
Emerging market stocks and bonds saw foreign net inflows of about $31.2 billion in February, though rising U.S. rates triggered a slowdown during the last week, data from the Institute of International Finance showed on Tuesday.
Investors piling into tech and financial stocks helped equity funds attract $46.2 billion in their third-largest inflow on record in the week to Wednesday while inflation linked bonds also shone, BofA's weekly fund flow data showed on Friday.