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Global equity funds inflows tracking to record: TrimTabs
[NEW YORK] Global equity mutual and exchange-traded funds have so far this year pulled in net inflows of US$81.5 billion, putting them on track to beat a four-month record high of US$86 billion set nine year ago, TrimTabs Investment Research said on Tuesday.
Global equity mutual funds and ETFs surged to a record US$34.8 billion in March, edging past the previous monthly record of US$34.4 billion in January 2013, TrimTabs data showed.
These funds raked in US$14.8 billion this month through Friday, and look likely to have the best four-month run of inflows since December 2005 through March 2006.
"US investors continue to follow the printing presses into European and Japanese equities," said David Santschi, chief executive officer of TrimTabs.
"A record that has been held for nine years is almost sure to fall." Buying has been heaviest among European funds, Mr Santschi said.