Global equity funds draw inflows for 11th week as upbeat earnings lift sentiment

Global equity funds attracted net inflows of $21.15 billion during the week ended August 5, marking the 11th straight week of positive flows into the asset class. The inflows followed roughly $27.72 billion in net purchases the previous week, according to data from LSEG Lipper. Market sentiment was bolstered by positive developments in the earnings season, including Amazon’s strongest cloud growth performance in more than four years and strong results from industrial bellwether Caterpilla