Global equity funds witnessed their first weekly outflow in nine weeks during the week ended May 20, as investors turned cautious amid mounting inflation concerns and a sharp rise in long-term borrowing costs, according to Reuters, citing LSEG Lipper data.
Investors pulled a net $6.13 billion from global equity funds during the week, marking a reversal from the steady inflows seen since mid-March. The retreat in risk appetite came as bond yields surged globally, driven by fears that geopolitical tensions in the Middle East could keep energy prices elevated and inflation stubbornly high.
