Global equity funds see biggest weekly outflows since March 2020 -Lipper
Global equity funds have recorded their biggest weekly outflows since March 2020, hit by recession fears as central banks vow to keep interest rates higher to tame inflation. ...
Data from Refinitiv Lipper showed a net withdrawal of $33.6 billion in the week to Dec. 21. GRAPHIC: Global fund flows - The U.S. The Fed has delivered 400 basis points (bps) of rate hikes this year, and the European Central Bank a record 250 bps. GRAPHIC: Global sector flows - The MSCI All Country stock index has fallen about 20% this year, more than reversing 2021's 17% gain. Money market funds recorded net sales of $41 billion. GRAPHIC: Bond flows - Among commodities, precious metal funds attracted a net $362 million, compared with an outflow of $220 million in the previous week, while investors withdrew a net $523 million from energy funds, the most this year. GRAPHIC: EM flows - (Reporting By Patturaja Murugaboopathy; Editing by Kirsten Donovan)