Global equity funds draw inflows for ninth week on corporate earnings optimism

Group 1 - Global equity funds experienced inflows for the ninth consecutive week, with a net purchase of $4.43 billion during the week to November 19, slightly up from the previous week's $4.39 billion [1] - The third-quarter earnings season was strong, particularly in the tech sector, with profits for 4,448 large- and mid-cap companies rising approximately 15.66% year-over-year, exceeding analyst expectations of an 8.23% increase [2] - The MSCI World Index fell to a nearly 2-1/2-month low of 963.34 due to uncertainties regarding U.S. interest rates and concerns over high valuations in the technology sector [3] Group 2 - The healthcare sector saw a significant inflow of $2.46 billion, marking the largest weekly inflow since at least 2022, while consumer discretionary and tech sectors experienced net sales of $1.12 billion and $895 million, respectively [4] - Global bond funds attracted a net inflow of $10.55 billion, continuing a streak of 31 weeks of inflows, with short-term bond funds drawing $4.76 billion [5] - In emerging markets, equity funds saw a net addition of $2.05 billion for the fourth consecutive week, while bond funds experienced a net outflow of approximately $1.04 billion [6]