According to ME News, on August 17 (UTC+8), The Kobeissi Letter posted on X that global equity funds recorded $18.62 billion in inflows for the week ending August 12, marking the 12th consecutive week of inflows. The previous week saw $21.15 billion in inflows, and two weeks prior, $27.21 billion. During this consecutive inflow period, equity funds have cumulatively attracted $237.57 billion. Meanwhile, global technology stock funds recorded $1.7 billion in outflows for the week ending August 12, ending six consecutive weeks of inflows, as investors are diversifying funds beyond the technology sector. (Source: ODAILY)
Global equity funds see 12-week inflows; tech funds post $1.7 billion outflow
KuCoinFlashShare
Summary
Global equity funds attracted $18.62 billion in inflows for the week ending August 12, marking the 12th consecutive week of gains under CFT guidelines. Total inflows reached $237.57 billion. Meanwhile, global technology stock funds experienced $1.7 billion in outflows, ending six weeks of inflows. This shift occurs as MiCA moves closer to final approval in the EU.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.