Global Equity Funds Reach 17-Month High Amid AI Optimism

Global equity funds experienced their largest weekly inflows in over 17 months, driven by strong demand for AI and impressive earnings from major U.S. banks. The surge included significant investments in U.S., European, and Asian funds. Technology, industrials, and metals sectors led the way, with notable bond fund inflows as well.

Global equity funds recorded their highest weekly inflows in more than 17 months in the week ending April 22. This influx was driven by positive sentiment around artificial intelligence demand and strong performances from leading U.S. banks in the first quarter.

Data from LSEG Lipper indicated that global equity funds attracted net investments of $48.72 billion. TSMC and SK Hynix, key players in the AI chip market, saw their stocks reach new heights, contributing to U.S. equity funds drawing $27.98 billion. European and Asian funds also saw substantial inflows.

Sector-specific funds attracted significant investments, with notable interest in technology, industrials, and metals and mining sectors. Bond fund inflows increased sharply, while money market funds continued to see outflows. Investment in gold and precious metals funds also remained strong, highlighting growing interest in emerging market funds.