September 17 (Reuters) – Global bond funds attracted massive inflows in the week ending September 15 as inflation concerns eased after US data showed slower price increases for consumption in August.
Investors bought net $ 12.26 billion in global bond funds during the week, their eighth consecutive week as net buyers.
The basic measure of consumer prices in the United States edged up 0.1% last month, the smallest gain since February. The August slowdown gives the Federal Reserve leeway as it prepares to reduce its massive bond holdings and decide when to start raising rates near zero. Read more
European bond funds attracted $ 6.46 billion net, US funds got $ 5.56 billion, but Asian bond funds saw a small exit.
Inflows to global government bond funds nearly doubled from the previous week to $ 1.8 billion, while purchases of inflation-protected and high-yield bond funds fell by more than 50%. % to $ 644 million and $ 20 million, respectively.
Global equity funds generated $ 9.1 billion net, up from $ 8.6 billion the previous week, with the United States, Europe and Asia attracting $ 5.54 billion respectively, 2, $ 13 billion and $ 1.26 billion.
Within sector funds, technology funds attracted $ 751 million, an increase of 148% from the previous week, while financials, real estate and industrials recorded outflows of $ 640 million , $ 266 million and $ 217 million, respectively.
Meanwhile, global money market funds faced outflows of $ 67.3 billion, the largest in nine months.
Among commodities funds, precious metals funds posted net purchases of $ 217 million, up from an outflow of $ 109 million the week before, while energy funds posted outflows for the fifth week in a row.
An analysis of 23,884 emerging market funds showed that equity funds attracted $ 867 million and bond funds received a net amount of $ 571 million, each marking a third weekly inflow.
Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru Editing by Mark Potter
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