Global Equity Funds Report

(Reuters) – Global equity funds saw money outflows for a second consecutive week in the seven days to June 25 as investors booked profits near record market highs and turned cautious ahead of key U.S. economic output and inflation reports.

Investors divested a net $20.87 billion worth of global equity funds during the week, the most for any week since March 19, according to data from LSEG Lipper.

The MSCI World Index reached 911.56 on Friday, hitting a new record for the fourth successive day amid optimism over a ceasefire between Israel and Iran.

U.S. equity funds experienced a net $20.48 billion worth of outflows, marking the largest weekly withdrawal in three months.

European funds also reported a net $2.61 billion worth of outflows, while Asian funds attracted about $857 million, representing the first weekly inflow in three weeks.

The global sectoral funds segment saw approximately $2.56 billion in net outflows during the week, halting four weeks of buying.

Investors withdrew a net $2.67 billion from the technology sector, the most since March 12. In contrast, the industrial sector attracted a net $1 billion, marking the 11th consecutive weekly inflow.

Demand for debt funds cooled to a nine-week low, with inflows at a net $4.69 billion during the week. Investors sought yield, injecting $4.45 billion into high-yield bond funds, the highest for a week since October 2024.

Global money market funds experienced a third consecutive week of outflows, with a net $10.62 billion withdrawn.

Gold and precious metals commodity funds gained traction for a fifth successive week, achieving a net $1.67 billion of inflows. The energy segment also saw net inflows of $375 million.

In emerging markets, bond funds attracted $2.67 billion in a ninth consecutive week of net inflows. Conversely, equity funds saw a net $1.11 billion of outflows, according to data for a combined 29,677 funds.