Global equity funds attracted massive inflows for a third straight week in the seven days to Jan. 5, as world stocks started the new year on a solid footing, shrugging off worries over the Omicron COVID-19 variant, and higher inflation. Investors purchased global equity funds worth a net $19.01 billion in the period, data from Refinitiv Lipper showed, although that was down from $29.45 billion in the previous week.
MSCI’s global equity index hit a record high this week, with strong gains across the board from the United States to Asia.
