GRAPH-Global bond funds record outflows for ninth straight week


October 21 (Reuters)Global bond funds posted outflows for the ninth straight week in the week ended Oct. 19, as some higher-than-expected inflation readings raised fears that the world’s major central banks will continue to aggressively hike rates. of interest.

According to data from Refinitiv Lipper, investors disposed of $11.88 billion in net worth from global bond funds after unloading $12.87 billion the previous week.

In the week under review, inflation data from the United States and Britain showed that consumer prices rose more than expected in September, bolstering expectations that central banks will remain firmly in mode. rate hike.

Investors took out $7.29 billion and $4.16 billion from European and US bond funds respectively, but Asian funds got inflows worth $210 million.

Global short- and mid-term bond funds recorded a ninth weekly withdrawal worth $5.69 billion, while high-yield bond funds lost $1.9 billion in outflows.

Safer assets such as government bond funds and money market funds attracted $5.33 billion and $26.71 billion, respectively.

Meanwhile, equity fund selling fell to a nine-week low of $213 million as some U.S. companies, including Goldman Sachs Group Inc. GS.NNetflix Inc. NFLX.O and Johnson & Johnson JNJ.Nannounced better than expected quarterly results.

Funds in the technology and financials sectors saw net inflows with a net worth of $460 million and $437 million respectively, after each facing outflows for at least three weeks.

Emerging market (EM) bonds and stocks faced outflows worth $2.25 billion and $2.36 billion respectively, according to data from 24,664 emerging market funds.

Among commodities funds, precious metals funds saw outflows of $1.93 billion after a small weekly inflow. Energy and industrial metals funds also saw small outflows.

Fund flows: global stocks, bonds and money market

Global bond fund flows during the week ended October 19

Fund Flow: Global Equity Sector Funds

Fund Flows: Emerging Markets Stocks and Bonds

(Reporting by Gaurav Dogra in Bengaluru; Editing by Alex Richardson)

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