Global bond funds see outflows for tenth successive week – Reuters


REUTERS/Neil HallRegister now for FREE endless access to Reuters.comRegisterMarch 18 (Reuters) – Global bond funds saw money outflows for the tenth consecutive week in the week to March 16, as greater U.S. inflation levels stimulated expectations that the Federal Reserve would require to act more aggressively to stem surging prices.Investors jettisoned international bond funds worth $17.01 billion, after selling $15.75 billion in the previous week, Refinitiv Lipper data showed.Fund streams: Global equities, bonds and money marketsThe Fed announced a quarter of a percentage point boost to near-zero U.S. interest rates on Wednesday, and signified it would trek rates more aggressively than anticipated to tame inflation, following a company inflation reading last week. European bond funds saw outflows worth $9.11 billion, while U.S. and Asian bond funds saw net sales of $7.24 billion and $0.4 billion, respectively.Global high yield funds lost $4.88 billion in the most significant net selling in four weeks, while short- and medium-term, and federal government funds dealt with withdrawals of $3.95 billion and $0.88 billion respectively.However, inflation-linked funds received $1.15 billion in a 3rd straight week of inflows.Global bond fund streams in the week ended March 16Investors were likewise net sellers of international equity funds for a 3rd consecutive week, as they withdrew $11.8 billion.Global customer discretionary, tech and industrial sector funds saw outflows of $1.28 billion, $0.88 billion and $0.79 billion, respectively, while health care and mining funds brought in inflows of $1.2 billion and $1.1 billion respectively.Fund flows: Global equity sector fundsGlobal money market funds experienced $44.68 billion in net selling after three consecutive weeks of inflows.Among commodity funds, valuable metals funds drew $1.39 billion in a ninth straight week of net purchasing, while energy funds pulled in $129 million in inflows.An analysis of 24,062 emerging market funds showed equity funds lost $5.4 billion in the greatest weekly outflows considering that at least April 2020, while bond funds dealt with outflows of $1.38 billion.Fund flows: EM equities and bondsRegister now for FREE unlimited access to Reuters.comRegisterReporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.


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