Global Equity Funds See $51 Billion Inflow Led by Europe

Global equity funds recorded net inflows of $50.99 billion in the week ending November 11, marking the highest level since September 23. LSEG Lipper tracked the surge, noting that European funds were the primary driver, attracting $35.13 billion. This represents the largest weekly total for European funds since June 2021.

The investment spike coincided with the STOXX 600 reaching a record high of 666.58. This growth was supported by strong earnings from UniCredit and Siemens Energy, alongside a positive earnings outlook from CoreWeave.

While European markets dominated, equity funds in the United States and Asia also saw net purchases of $6.6 billion and $6.15 billion, respectively. Conversely, investors shifted capital away from lower-risk assets, withdrawing $37.48 billion from money market funds and $507.89 million from global bond funds, which ended a seven-week streak of bond inflows.