November 14, 2025 – Global equity fund inflows slowed sharply in the week ending November 12, reflecting growing investor caution amid elevated technology stock valuations and concerns over softening U.S. labour market conditions.

According to LSEG Lipper data, investors purchased just $4.11 billion worth of equity funds during the week, a significant drop from $22.27 billion in net inflows the previous week. The reduction highlights a shift toward a more risk-off sentiment as market participants reassess valuations and economic signals.

Drivers of Investor Caution

Investor sentiment was impacted by several key factors:

• Private reports suggested that the U.S. economy may have shed jobs in October, raising concerns about the labour market outlook, although official government data remains unavailable due to the ongoing shutdown.
• A pullback in major technology stocks, along with SoftBank Group’s sale of $5.83 billion in Nvidia (NVDA.O) shares, weighed further on investor confidence.

Regional and Sector Fund Flows

• Asian equity funds led regional flows with net inflows of $3.04 billion, marking the fifth consecutive week of inflows.
• U.S. equity funds recorded a net purchase of $1.15 billion, while European funds saw outflows of $1.87 billion.
• Sector flows remained cautious: the technology sector attracted $2.59 billion, the lowest in four weeks, while healthcare and industrial sector funds received $915.2 million and $326 million, respectively.

Bond and Commodity Fund Trends

• Global bond funds continued to see inflows for the 30th consecutive week, totaling $13.11 billion.
• Short-term bond funds surged to a seven-week high of $5.77 billion, while euro-denominated bond funds and corporate bond funds attracted $2.31 billion and $1.9 billion, respectively.
• Gold and precious metal funds reversed a two-week decline, drawing $1.64 billion in inflows, signaling renewed interest in safe-haven assets.

Emerging Market Funds

• Emerging market (EM) equity funds recorded a third consecutive weekly inflow of $2.17 billion.
• Conversely, EM bond funds experienced a third straight week of outflows, totaling $1.45 billion, indicating a rotation of capital toward equities and safer instruments amid global uncertainty.

Outlook

Analysts note that the moderation in global equity fund inflows, combined with caution in the technology sector and mixed performance across regions, underscores the growing focus on valuation risk and macroeconomic trends. Investors are increasingly weighing economic data, sector-specific fundamentals, and geopolitical factors before committing capital to equity markets.