Global equity funds get their first cash inflows in 6 weeks‎

Global stock funds attracted the first cash flows in six weeks, during the week ending on December 14^th, amid investor optimism about the possibility of central banks heading to reduce the pace of interest rates in light of slowing inflation.

The Federal Reserve raised interest rates by about 50 basis points on Wednesday, to a level between 4.25% and 4.50%.

A number of banks in Europe, led by the European Central Bank and the Bank of England, raised interest rates this week

According to Refinitiv Lipper data, investors pumped $1.01 billion into global equity funds, marking the first week of net buying since November 2.

Equity funds in America and Asia attracted $3.4 billion and $500 million, respectively

On the other hand, investors withdrew $2.14 billion from European equity funds, while monetary funds witnessed an inflow of $12.95 billion, three weeks after receiving the inflows.