Global stock funds witnessed a significant surge, attracting nearly thirteen billion dollars, marking the largest inflow since early November. This influx was driven by investors anticipation of a potential interest rate cut from the Federal Reserve, despite concerns over tech company valuations and AI spending. The U.S. central bank indeed cut interest rates by a quarter of a percentage point but hinted at a possible pause in further cuts due to persistent inflation and uncertain future. European funds led the way with six point four billion dollars, followed by U.S. funds with three point three billion dollars and Asian funds with one point three billion dollars. Investors also showed interest in metals and mining, utilities, and industrial funds, while money market funds experienced outflows of nearly thirteen billion dollars. Global bond funds continued their popularity, with over eight billion dollars in new money, and short-term bond funds saw about two billion dollars in inflows for the sixth week in a row. Gold and precious metals funds also remained in demand, bringing in nearly two billion dollars.

The Daily News Now! — Every city. Every story. AI-powered.

---

Hosted on Acast. See acast.com/privacy for more information.