Inflows into global equity funds picked up again in the week through July 23 as optimism over US trade deals, stronger than expected US economic reports and an encouraging start to the corporate earnings season boosted risk sentiment.
Global investors snapped up a net $8.71 billion worth of equity funds during the week, reversing a $4.4 billion net withdrawal in the prior week, data from LSEG Lipper showed.
The United States and Japan agreed a deal earlier this week which cut existing import tariffs on Japanese goods to a lower-than-threatened 15%. Investors were also hopeful about the prospects of the US and the European Union settling on US import tariffs of around 15%.
Investors took comfort from encouraging initial earnings reports as advanced AI chip maker TSMC posted a record profit and Gatorade owner PepsiCo upgraded its earnings forecasts.
