Global equity funds attracted inflows for the seventh straight week through May 6, driven by strong first-quarter earnings and optimism over a potential U.S.-Iran peace deal.
Investors added a net $4.35 billion to global equity funds, though this was the smallest weekly inflow since March 18, according to LSEG Lipper data.
The MSCI World Index hit a record high of 1,108.94 on Thursday, fueled by a rally in technology stocks and strong earnings from chipmaker Advanced Micro Devices.
LSEG data covering 1,060 MSCI World constituents showed combined first-quarter earnings rose 22% from a year ago, beating analysts' forecasts by about 6.3%.
Regionally, Asian equity funds led with net inflows of $3.35 billion, while European funds attracted $1.56 billion. In contrast, U.S. funds saw net outflows of $2.26 billion.
Among sector funds, technology funds drew a net $2.83 billion, while healthcare funds saw net outflows of $2.05 billion.
Global bond funds attracted net inflows of $17.04 billion, the largest weekly addition since February 18. Demand for money market funds hit a near five-month high, with investors pouring in a net $148.18 billion.
Gold and precious metal funds saw net outflows of $1.08 billion, marking a second consecutive week of selling.
In emerging markets, bond funds posted net outflows of $63 million, breaking a four-week inflow streak, while equity funds saw net sales of $1.46 billion.