Gold prices fall as geopolitical tensions ease; U.S. CPI looms
Equity funds experienced significant outflows in a week to Wednesday, with $9.0 billion being withdrawn, Citi noted.
In contrast, bond funds witnessed $4.0 billion in inflows during the same period. The majority of the equity fund outflows originated from the United States, with $20.3 billion in redemptions.
On the other hand, global and European funds saw inflows of $4.1 billion and $3.1 billion, respectively.
European funds, in particular, have continued to attract investors, with inflows mainly directed into exchange-traded funds (ETFs) rather than non-ETFs.
The year-to-date (YTD) inflows into European ETFs have resulted in almost a 10% increase in their assets under management (AUM). Conversely, non-ETFs in Europe have predominantly faced outflows since the beginning of the year.
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