Examining more recent flows, investors have been pumping huge sums into equities in October. Although global equity funds have only about one-third the assets of U.S. equity funds, global equity MFs and ETFs have received $24.5 billion this month, roughly equal to the inflow of $24.6 billion into U.S. equity MFsand ETFs. The global equity fund inflow is the second-highest this year, while the U.S. equity fund inflow is the third-highest this year.
The combined inflow of $49.1 billion into all equity funds this month is the fourth-highest on record. Note that three of the four largest inflows have all happened this year.
