European equity funds drive global inflows to seven-week high
Investor appetite for equities strengthens in the week to November 11 as European funds absorb the largest weekly inflows since June 2021. The surge lifts total net inflows into global equity funds to their highest level since September 23, even as U.S. technology stocks face a recent selloff.
Highlights
- European equity funds attract $35.13 billion in net inflows for the week to November 11, boosting global equity fund inflows to $50.99 billion.
- STOXX 600 hits an all-time high of 666.58, driven by UniCredit’s earnings, Siemens Energy's margin forecasts, and CoreWeave’s positive outlook.
- Global bond funds record $507.89 million in net outflows, breaking a seven-week inflow streak, while money market funds see $37.48 billion in net withdrawals.
European inflows lift global equity demand
As reported by Reuters, citing LSEG Lipper, European funds draw net inflows of $35.13 billion in the week to November 11, helping push total net inflows into global equity funds to $50.99 billion. U.S. and Asian equity funds also attract net purchases of $6.6 billion and $6.15 billion, respectively.The pan-European STOXX 600 reaches a record high of 666.58 on Thursday, supported by strong earnings from UniCredit, robust 2027 profit margin forecasts from Siemens Energy and an upbeat earnings outlook from U.S.-based CoreWeave.
Among sectoral funds, technology leads with net inflows of $2.62 billion, while healthcare and financials bring in $833 million and $820 million, respectively. Industrials move the other way, recording weekly net outflows of $1.07 billion.
Bond and money market flows turn weaker
Global bond funds post net weekly outflows of $507.89 million, ending a seven-week streak of inflows. Government bond funds lose $488.8 million, while investors pull a net $1.72 billion from dollar-denominated global bond funds and add a net $2.07 billion to corporate bond funds.Money market funds see net withdrawals of $37.48 billion after net purchases of $174.22 billion in the previous week. In commodities, gold and other precious metals funds remain in demand for a second straight week with net inflows of $614 million, while energy funds attract $215.43 million and extend their run of net purchases to four consecutive weeks.
In emerging markets, equity funds collect a net $4.65 billion, the largest weekly inflow in three weeks. Bond funds in those markets, however, shed a net $657.44 million, marking a third consecutive week of outflows across a combined 29,202 funds.
Previously, we highlighted DAX buying momentum as the index held above key moving averages amid bullish technical signals.
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