Global equity funds saw the largest weekly net purchase in 15 weeks, reaching $45.59 billion. The MSCI World index hit fresh records, up 2.4% this year. U.S. inflation easing strengthened expectations of interest rate cuts. U.S. equity funds received $28.18 billion, with tech and industrial sectors popular. Emerging market assets also surged.

Global bond funds had a $19.03 billion weekly net investment, with short-term and euro-denominated bond funds drawing inflows. Money market funds saw a $67.15 billion weekly outflow. Gold and precious metals commodity funds had a $1.81 billion inflow, while emerging market assets continued to rise.

Investors pushed world stocks close to record highs, brushing aside concerns over the global economy and geopolitics. U.S. Labor Department report showed a moderate rise in core CPI, solidifying expectations of interest rate cuts. European and Asian equity funds saw net purchases of $10.22 billion and $3.89 billion, respectively.

Read more at Yahoo Finance: Global equity funds log strongest weekly inflows in 3-1/2 months