Global equity funds pulled in $22.01 billion in net inflows during the week ending August 19, the largest weekly haul since July 29, according to LSEG Lipper data. By the end of the same week, global stocks were staring down their steepest decline since mid-July.
Where the money went
US equity funds did the heavy lifting, attracting $11.72 billion of the total, their strongest showing since late July. European funds brought in $4.70 billion, while Asian equity funds added $2.96 billion.
Technology funds attracted $1.55 billion, a notable rebound after prior weeks of outflows. Gold and precious metals funds pulled in $536 million. Financial sector funds saw $1.59 billion walk out the door.
Earnings told one story, macro told another
