Global equity funds see big inflows as risk appetite rebounds

U.S. equity funds lured an inflow of $27.5 billion, while Asian equity funds obtained $1.8 billion. On the other hand, European equity funds saw an outflow worth $1.5 billion.

NEW YORK:Global equity funds saw massive inflows as risk sentiment returned with investors believing that the Omicron variant won't bring a big setback to the world economy next year.

According to Refinitiv data, investors purchased $33 billion worth of global equity funds in the week ending Dec. 22, compared with an outflow of $13.1 billion in the previous week.