Global equity funds extended a run of positive net flows for the eighth week through May 13, attracting $39.15 billion in net purchases as investors chased an AI-driven rally in technology shares and looked past inflation concerns.
Data from LSEG Lipper show that the weekly net buying of global equity funds was the largest since the $48.55 billion added in the week to April 22. The MSCI World Index climbed to an intraday record of 1,117.52 on Thursday, supported by further gains in tech names after Advanced Micro Devices and Microchip Technology issued forecasts pointing to strong demand for data-center chips during the prior week.
Coverage of 900 MSCI World constituents by LSEG indicated that about 72% of companies reported first-quarter profits above analysts' average estimates, a statistic that accompanied the fund flows and helped underpin investor appetite for equities.
Regionally, U.S. equity funds registered the largest weekly inflow, with $22.37 billion of net purchases, reversing the $2.89 billion net outflow seen the previous week. Asian funds drew $7.62 billion and European equity funds recorded $6.29 billion of weekly net inflows.
By sector, technology led all groups with a record weekly intake of $10.65 billion. Other sectors also attracted net buying, with metals and mining seeing $1.03 billion and industrials drawing $886 million in net purchases.
Fixed income saw material inflows as well. Global bond funds took in $25.76 billion for the week, the largest weekly total since early October 2025, according to the same data set. Short-term bond funds were among the leaders with $2.93 billion of net inflows, followed by euro-denominated bond funds at $2.83 billion and corporate bond funds at $2.47 billion.
Money market funds did not share the same momentum, recording net withdrawals of $9.2 billion in the latest week after a substantial $149.98 billion of net purchases the prior week.
Precious metals funds, which had seen two consecutive weeks of net sales, experienced renewed buying as gold and other precious metal funds attracted $1.77 billion in net inflows.
Emerging markets told a more mixed story. Equity funds focused on emerging markets posted their third straight weekly net outflow of $3.18 billion, while emerging market bond funds continued to draw money, recording a sixth straight weekly inflow of $2.19 billion. These figures are drawn from data covering 28,893 funds.
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