Global equity fund inflows hit three-week high before late selloff

Global equity funds attracted substantial inflows during the week through August 19, marking their strongest performance in three weeks. The $22.01 billion in net inflows represented the largest weekly gain since July 29 and reflected investor optimism surrounding an anticipated strong earnings season.
Earnings reports from companies in the MSCI World index showed robust results, with approximately 90% of firms having reported second-quarter earnings. Combined net income among these companies r