NEW YORK, Nov 21, 2025 – Global equity funds attracted net inflows for a ninth consecutive week, fueled by robust corporate earnings and investor confidence across major sectors, according to LSEG Lipper data. Investors continue to focus on strong third-quarter earnings growth, brushing aside concerns over stretched technology valuations and market volatility.

During the week ending November 19, global equity funds saw net purchases of $4.43 billion, slightly up from $4.39 billion the previous week. UBS Global Wealth Management Chief Investment Officer Mark Haefele noted, “The third-quarter earnings season was robust, led by tech but with signs of strength across the board. We rate global equities as Attractive.”

Earnings Growth Drives Fund Inflows

Data covering 4,448 large- and mid-cap companies showed third-quarter profits rose 15.66% year-on-year, surpassing analysts’ expectations of an 8.23% increase. These results underpin investor optimism and the continued inflow into both U.S. and Asian equity funds, despite ongoing concerns about market valuation pressures.

• U.S. equity funds: Net inflows of $4.36 billion
• Asian equity funds: Net inflows of $3.13 billion
• European equity funds: Net outflows of $6.03 billion

The MSCI World Index eased to a 2½-month low of 963.34 on Friday amid uncertainty over U.S. interest rate policy and valuation pressures in the tech sector.

Sector-Specific Fund Flows

Investor activity by sector revealed mixed trends:

• Healthcare funds: Net inflows of $2.46 billion, marking the largest weekly inflow since at least 2022
• Consumer discretionary funds: Net outflows of $1.12 billion
• Technology funds: Net outflows of $895 million

The data underscores investors’ selective focus on sectors with strong earnings momentum and potential for sustainable growth.

Bond and Commodity Market Trends

Global bond funds continued to see consistent inflows, marking a 31st consecutive week of investment totaling $10.55 billion:

• Short-term bond funds: $4.76 billion
• Government bond funds: $3.41 billion
• Euro-denominated bond funds: $2.92 billion

Conversely, money market funds experienced net outflows of $7.51 billion, extending a two-week trend of reduced allocations.

In commodity markets, investors purchased $5.2 billion worth of gold and precious metals funds, marking the largest weekly inflow since October 22, reflecting a continued hedge against inflation and market uncertainty.

Emerging Markets Trends

Investor interest in emerging markets (EM) remained steady, with a fourth consecutive week of equity fund inflows totaling $2.05 billion. However, EM bond funds saw net outflows of $1.04 billion, highlighting selective risk-taking by global investors in response to economic and geopolitical conditions.

Key Takeaways

The ninth consecutive week of global equity fund inflows underscores a resilient investor appetite for equities, driven by robust corporate earnings and selective sector performance. While concerns over tech valuations and U.S. interest rates remain, the inflows into healthcare, U.S., and Asian equities indicate confidence in sectors with strong growth potential.

Analysts expect global equity and bond market trends to remain influenced by earnings momentum, monetary policy developments, and emerging market dynamics in the weeks ahead.