Global equity fund inflows at 3-week high as AI optimism boosts sentiment - BNN Bloomberg
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Article Excerpt
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 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 .MIWD00000PUS to a record high of 1,138.3 earlier this week.
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