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Subject of emergency alert message arrested - May 2, 2024 | SaltWire #dartmouth #update #suspect - Global equity funds experienced renewed interest from investors in the seven days through May 1, buoyed by a surge in inflows to Asia amid optimism about an economic recovery in the region, particularly in China.
"The delay in Fed cuts is likely to postpone rate cuts in Asian markets, but that does not derail an ongoing Asian export, industrial, and real growth recovery, thanks to a supportive U.S. economy and improving Chinese growth," said Mark Haefele, chief investment officer of global wealth management at UBS.
At the same time, bond funds attracted $6.69 billion worth of inflows, the largest amount in a week since April 10.
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