According to Refinitiv Lipper, global equity funds lured $2.75 billion in their first weekly net purchase since June 22.
GRAPHIC: Fund flows: Global equities, bonds and money market (https://fingfx.thomsonreuters.com/gfx/mkt/dwpkrwkykvm/Fund%20flows-%20Global%20equities%20bonds%20and%20money%20market.jpg)
The data released on Wednesday showed U.S. consumer prices were unchanged in July, which has raised expectations of a 50 bps hike by the Federal Reserve in its September meeting, rather than a 75 bps which was widely anticipated earlier.
A report showing a pick-up in the U.S. services industry also bolstered sentiment.
U.S. and Asian equity funds received $4.21 billion and $0.69 billion respectively, although European funds had outflows of $2.52 billion.
Among sector funds, consumer staples and healthcare gained $535 million and $389 million respectively, but tech and financials lost $412 million and $386 million respectively.
GRAPHIC: Fund flows: Global equity sector funds (
Investors purchased about $5 billion of global bond funds, marking a second weekly inflow in a row.
Government bond funds attracted a net $2.25 billion in a second weekly inflow, however, investors sold short- & medium-term, and high yield funds of $1.66 billion and $47 million respectively.
GRAPHIC: Global bond fund flows in the week ended Aug 10 (https://fingfx.thomsonreuters.com/gfx/mkt/gkvlgobkkpb/Global%20bond%20fund%20flows%20in%20the%20week%20ended%20Aug%2010.jpg)
Money market funds recorded outflows of $12.51 billion, the biggest in six weeks.
Data for commodities funds showed energy funds attracted $101 million in net buying, the first weekly inflow in seven weeks, but precious metal funds lost $394 million.
An analysis of 24,438 emerging market funds showed bond funds attracted purchases worth $766 million while equities notched up a fourth weekly capital outflow of $488 million.
GRAPHIC: Fund flows: EM equities and bonds (
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru;Editing by Elaine Hardcastle)