Global investors continued to pour money into equity funds on hopes over global economic recovery and vaccine optimism, shrugging off concerns about inflation levels. However, investors sold a net $2.7 billion in global bond funds, as U.S. Treasury yields touched a 1-year high this week. Meanwhile, investors also put $28.7 billion worth of money into safer money market funds, the data showed. Among equity funds, technology funds faced an outflow for the first time in a year due to the surge in bond yields. An analysis of 23,755 emerging-market funds showed equity funds got $2.3 billion in inflows.

Source: Standard Digital March 12, 2021 11:03 UTC