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© Reuters. Despite a bear market, US equity funds attracted inflows of over $160B in 2022
By Senad Karaahmetovic
Despite a bear market that could see the close 2022 over 20% lower, the U.S. equity funds still managed to attract solid inflows.
Global funds attracted more than $50 billion in inflows in 2022 despite the Europe-based funds recording outflows of $107B, according to Citi’s analysts. The global outperformance was mostly fueled by U.S. equity funds, which attracted $161B on the back of the “consistently strong” inflows, according to Citi.
“Flows to ESG funds, although smaller in nominal terms, have seen better flows relative to their asset values,” the analysts added in a client note.
Emerging Markets (EM) attracted $69.4B in inflows, led by China, which alone generated $69B.
As far as flows in the week to December 28 are concerned, bond funds saw $1B of outflow while equity funds had $8.0B of inflow.
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Image and article originally from www.investing.com. Read the original article here.