Investment money flowing into worldwide stock funds reached its highest weekly level in more than 17 months during the period ending April 22, driven by enthusiasm for artificial intelligence developments and strong quarterly results from major U.S. banking institutions.
Data from LSEG Lipper shows that international equity funds received $48.72 billion in net weekly investments, representing the largest weekly total since November 13, 2024.
Stock prices for TSMC, the globe’s largest contract producer of sophisticated AI semiconductors, and SK Hynix, a supplier of high-bandwidth memory chips, reached all-time highs this week following positive earnings reports.
American stock funds captured $27.98 billion, their strongest performance in four weeks, while European and Asian funds recorded net investments of $18.41 billion and $157 million respectively.
Industry-specific funds pulled in $8.22 billion net, achieving their biggest weekly gains in three months. Technology sectors led the way with $6.21 billion, followed by industrial funds at $1.82 billion, and metals and mining investments totaling $1.02 billion.
Fixed-income fund investments climbed nearly one-third to $12.85 billion, up from the previous week’s $9.78 billion.
Hard currency bond funds attracted $3.13 billion in net investments, marking their largest weekly intake since March 18. At the same time, money leaving short-term bond funds decreased to $2.21 billion from the prior week’s $7.08 billion.
Money market funds experienced their second consecutive week of outflows, losing $20.26 billion after the previous week’s $173.09 billion in net withdrawals.
Gold and precious metals funds continued their recent popularity streak for a fourth straight week, drawing $841 million in net investments.
Developing market funds maintained their appeal for three consecutive weeks, with equity funds gaining $4.34 billion and bond funds receiving $3.64 billion, according to data covering 28,853 combined funds.
