(Reuters) – Global equity funds drew their first weekly inflow in four weeks in the seven days to March 8 after strong consumption boosted the service sector in some major economies, easing worries over a recession.
Still, expectations for further rate hikes by the Federal Reserve to curb inflation capped inflows.
Data from Refinitiv Lipper showed global equity funds obtained inflows worth a net $2.36 billion in the week to March 8, the most since Feb. 1.
Investors’ appetite for riskier assets increased as data from the U.S., China and the euro zone showed strong demand for services in February.
But global equities came under selling pressure on Friday after a startup-lender Silicon Valley Bank flagged higher-than-expected…
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