Global bond funds saw inflows for a seventh straight week, obtaining $11.73 billion. Meanwhile, global money market funds secured a net $22.17 billion, after seeing two weeks of outflows, underscoring the risk-off sentiment during the week. Global inflation-protected bond funds lured a net $1.4 billion, the largest in five weeks.
European equity funds attracted an inflow of 9.17 billion, while U.S. and Asian equity funds had outflows. Also, markets were assessing data showing the U.S. economy created the fewest jobs in seven months in August and wondering how the U.S. central bank will respond.
Within sector funds, inflows into healthcare and tech funds dropped sharply, while financial and industrial sector funds faced outflows. Concerns over the spread of the delta variant of COVID-19 and its impact on the economic recovery weighed on investor sentiment last week.
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Louise Heavens) An analysis of 23,907 emerging market funds showed bond funds attracted $1.21 billion and equity funds received a net $973 million, each marking a second weekly inflow.
Energy funds also witnessed outflows for a fourth successive week. Among commodity funds, precious metal funds faced outflows worth $116 million after seeing inflows in the previous week, as gold prices dipped to a two-week low last week.
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