Reported 8 months ago
According to Wei Qiaoyi's report from Taipei on June 17, 2024, the US stock market has been hitting new highs this year, driven by AI and technology-related themes, boosting the buying appetite for US stock funds. In the past week, the flow of funds into global equity funds showed that US stock funds continued to lead with a net inflow of $6.348 billion, followed by Asia (excluding Japan) and Latin American stock funds also experiencing net inflows. US stock funds have seen the highest inflow of $83.492 billion this year, while European stock funds had the highest outflow of $24.964 billion. With positive outlook on the US economy and corporate earnings growth, fund managers suggest adopting a diversified industry strategy to balance investment portfolios amidst market uncertainties.
Source: YAHOO