Global stock funds lost nearly $20 billion in the week. This was the result of growing geopolitical tensions and uncertainty about the United States’ policy, informs Reuters.
Investors pulled $19.82 billion from global stock markets, the biggest outflow in three months. The main factors were the aggravation of the situation in the Middle East and doubts about the direction of the US trade policy. American funds suffered the most significant losses — 18.43 billion dollars. 2.86 billion were withdrawn from Asian markets, while in Europe, an inflow of investments at the level of 640 million dollars was recorded.
Despite the general trend of outflows, sectoral funds attracted $573 million. In particular, the technological sector received 1.5 billion, the industrial sector received 752 million, and approximately 1.5 billion dollars were withdrawn from financial funds.
Global bond funds posted solid gains for the ninth straight week, with $13.13 billion in the past seven days, including $3.07 billion in Eurobonds. Money market funds lost $2.7 billion, while gold funds gained $2.84 billion, the most in two months.
Against the background of these changes, American stock indices showed growth. A drop in oil prices after the shelling between Israel and Iran, which did not affect production and exports, had a positive effect on investor sentiment.
