Global equity funds attract inflows for third week in a row

Reuters) Global equity funds received inflows for a third straight week in the week to Jan. 25 as easing recession fears and hopes of smaller rate hikes by the Federal Reserve kept sentiment buoyant. Refinitiv Lipper data showed global equity funds obtained $3.23 billion worth of inflows during the week, compared with $5.16 billion worth of net purchases in the previous week.

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