Oct 29 (Reuters) - Global equity funds saw solid inflows in the week to Oct. 27, boosted by robust third-quarter earnings results from companies worldwide, easing concerns over inflation and supply chain constraints.
Investors purchased a net $24.52 billion in global equity funds, their largest net buying since the week to March 17, Lipper data showed.
Major U.S. stock indexes rallied to a new peak this week as investors cheered a fresh batch of upbeat earnings from U.S. technology giants Microsoft Corp and Google owner Alphabet Inc.
After a stellar quarter for U.S. and British banks, Switzerland's UBS posted its highest quarterly profit since 2015.
U.S. equity funds pulled in $12.99 billion worth of inflows, while European and Asian funds attracted a net $6.62 billion and $3.05 billion, respectively.
Japanese equity funds drew in $2.88 billion, about double the inflows received in the previous week.
Among sector funds, healthcare and consumer discretionary funds attracted $1.08 billion and $0.89 billion, respectively, while tech funds received inflows for a fifth straight week, worth a net $224 million.
Meanwhile, inflows into global bond funds dropped to $2.7 billion, about 65% lower than in the previous week.
However, inflation-protected bond funds secured $2.6 billion, the most since at least December 2019. Government bond funds saw $1.37 billion of inflows, while global corporate bond funds saw outflows for the fourth straight week.
Global money market funds drew their biggest weekly inflows in six months, worth a net $65.66 billion.
Among commodity funds, precious metals funds faced a fifth weekly outflow of $106 million, and energy funds saw net selling of $65 million.
An analysis of 23,868 emerging market funds showed investors sold $1.5 billion of bond funds, the sixth consecutive weekly outflow. Equity funds saw outflows worth $275 million, compared with inflows of $1.47 billion in the previous week.
Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Ramakrishnan M.