Global equity funds see second week of inflows

Global equity funds attracted inflows for a second straight week through April 23, supported by signs of a potential de-escalation in the tariff war between the US and China, which boosted demand for riskier assets, reports Reuters.

According to LSEG Lipper data, global equity funds saw a net $9.11 billion inflow during the week after having witnessed a net $5.58 billion worth of net purchases in the previous week.

Investors snapped up $3.65 billion worth of Asian funds but ditched US funds to the tune of $1.35 billion, much less than $10.44 billion in the previous week.