Global equity funds see $21.44 billion inflow as tech earnings and AI optimism drive rally
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CNA
29d ago· 2 min readenNews
Summary
Global equity fund inflows hit a three-week high of $21.44 billion in the week ending June 3, driven by strong technology sector earnings and investor enthusiasm for AI. Dell and HP reported blockbuster results, with their stocks surging 42.6% and 7.1% respectively. The tech rally pushed the MSCI World Index to a record high of 1,138.3.
Source
bskyGlobal equity funds see $21.44 billion inflow as tech earnings and AI optimism drive rallychannelnewsasia.comKey quotes
· 4 pulledGlobal equity fund inflows surged to a three-week high in the week to June 3 as a set of robust earnings in the technology sector and investor enthusiasm over the AI boom bolstered demand.
Global equity funds attracted a net $21.44 billion during the week, the largest amount since May 13.
Dell and HP reported blockbuster results and rallied 42.6 per cent and 7.1 per cent, respectively, last week.
The tech rally lifted the MSCI World Index to a record high of 1,138.3 earlier this week.
June 5 : Global equity fund inflows surged to a three-week high in the week to June 3 as a set of robust earnings in the technology sector and investor enthusiasm over the AI boom bolstered demand.According to LSEG Lipper data, global equity funds attract
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