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March 15 - Global equity funds saw notable inflows in the week to March 13 as investors focused on strong global stock performances, overlooking inflation concerns ahead of the Federal Reserve meeting next week that could provide clues on the timing of the central bank's interest-rate cuts.
"Equities continue to disregard moves in rates, as despite paring back of Fed rate cut pricing in recent months, the S&P500 is up 25% since its October trough," said Chris Whelan, senior strategist at TD Securities. Sector-wise, technology funds continued their growth trend, receiving $1.01 billion, marking the ninth consecutive week of inflows.
Global bond funds also continued their positive streak, attracting $7.27 billion in the 12th consecutive week of inflows. Within this segment, medium-term U.S. dollar bonds, global corporate, and government bond funds drew $2 billion, $1.78 billion and $475 million respectively.
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