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Global equity funds attracted $34.76 billion in net inflows in the week through September 30, marking a second consecutive week of purchases, Reuters reported, citing LSEG Lipper data. The total was below the $44.31 billion recorded in the previous week.
AI and inflation data support demand
Investor appetite was supported by optimism about artificial-intelligence investment and a softer-than-expected U.S. inflation reading for August. Micron Technology forecast quarterly revenue above analysts’ estimates on Wednesday, indicating strong demand for memory chips used in AI applications, the report said.
Goldman Sachs estimated that the largest U.S. hyperscalers were on track to spend about $800 billion on capital expenditure in 2026, with consensus estimates pointing to $1.1 trillion in 2027. The bank cited revenue backlogs and supply constraints as factors supporting investment.
U.S. equity funds received $20.6 billion, while European and Asian equity funds recorded inflows of $6.19 billion and $6.16 billion, respectively. Sector-focused funds had net outflows of $919.7 million, including $2.63 billion withdrawn from technology funds.
Bond and money-market flows diverge
Global bond funds drew $4.76 billion, while money-market funds saw $116.52 billion in net withdrawals, the largest weekly outflow since April 15, according to the report. Emerging-market equity funds recorded $1.37 billion in outflows for a fourth straight week.
