Stock Markets January 30, 2026

Global Equity Funds See Third Consecutive Week of Net Inflows as Investors Eye Earnings

European, U.S. and Asian shares draw strong capital while bond, money market and gold funds also attract demand amid tariff uncertainty

By Derek Hwang
Global Equity Funds See Third Consecutive Week of Net Inflows as Investors Eye Earnings

Through the week ending January 28, global equity funds recorded a third straight week of net inflows totalling $33.39 billion, driven by optimistic earnings expectations. European funds led regional inflows, while U.S. and Asian equities also saw substantial additions. Safe-haven assets including global bond, short-term bond, money market and gold and precious metals funds experienced notable demand amid uncertainty over potential U.S. tariff actions under President Donald Trump.

Key Points

  • Global equity funds saw a third straight week of inflows totaling $33.39 billion in the week to January 28; European, U.S. and Asian funds were the primary regional recipients.
  • Sectoral winners included industrial ($3.04 billion), technology ($2.7 billion) and metals and mining ($2.24 billion) funds, indicating cross-sector investor interest.
  • Safe-haven and fixed-income vehicles also attracted capital: global bond funds $18.02 billion, short-term bonds $3.8 billion, corporate bonds $3.45 billion, money market funds $10.31 billion and gold/precious metals $2.25 billion.

Jan 30 - Global equity funds logged their third consecutive weekly inflow in the week to January 28, drawing $33.39 billion in net new money as investors positioned for upbeat corporate earnings, LSEG Lipper data showed.

Regionally, European equity funds topped the list with $11.03 billion in net inflows - the largest regional weekly total in three weeks. U.S. equity funds took in $10.73 billion, while Asian equity funds attracted $6.95 billion, underlining broad geographic demand for equities during the period.

At the sector level, industrial, technology, and metals and mining funds were the main beneficiaries of weekly investor allocations. Industrial sector funds received $3.04 billion, technology funds were allocated $2.7 billion, and metals and mining funds drew $2.24 billion, making them among the top weekly sectoral gainers.

Alongside equities, investors continued to add to bond markets. Global bond funds recorded roughly $18.02 billion in net investments, extending a recent run of net purchases into a fourth consecutive week. Within fixed income, short-term bond funds were especially popular, securing approximately $3.8 billion - the largest weekly take in three weeks. Corporate bond funds also saw meaningful inflows of $3.45 billion.

Money market funds reversed two prior weeks of net selling to register $10.31 billion in net inflows, indicating a move by some investors toward liquidity and lower-risk cash equivalents.

Commodity-focused investors showed renewed interest in precious metals. Gold and precious metals commodity funds attracted a weekly net $2.25 billion, the most for a single week since the week of December 24, according to the data.

Emerging market assets also drew material demand. Emerging market equity funds took in $12.63 billion in net inflows last week, the largest weekly amount recorded since at least 2022, supported by the appeal of cheaper valuations and growth prospects. EM bond funds recorded a net $3.51 billion of inflows over the same period.


These flows reflect simultaneous investor appetite for risk assets tied to corporate earnings and for liquidity and safe-haven holdings amid uncertainty over potential tariff actions by the U.S. administration.

Risks

  • Uncertainty over potential U.S. tariff moves under President Donald Trump could heighten volatility and affect sectors tied to global trade such as industrials and metals and mining.
  • A shift in investor preference back toward liquidity or safety - evidenced by sizable inflows into money market and short-term bond funds - could reduce momentum in risk assets like equities and emerging market funds.
  • Concentration of inflows into specific sectors or regions may expose portfolios to sector- or region-specific shocks, particularly in industrials, technology and metals and mining where weekly allocations were sizeable.

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