11 Hrs
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Global equity funds see $55B inflow
Global stock markets experienced massive inflows as investors poured $55.2 billion during the week ending June 17, marking the largest weekly inflow in about 19 months. This optimism was fueled by hopes of reaching a tentative agreement between the United States and Iran and a 60-day extension of the ceasefire. U.S. equity funds accounted for the largest share, totaling $38.4 billion, while technology funds attracted record inflows of $21.5 billion. Meanwhile, global bond funds continued their sustained attraction of capital for the eleventh consecutive week. The Euro Stoxx 600 index rose to a record high, driven by improved prospects in Iran negotiations, although markets remain influenced by rising oil prices and fluctuations in negotiation outcomes.
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