Demand for global equity funds declined sharply in the week through Jan. 15, as U.S. Treasury yields rose and expectations for the Federal Reserve’s interest rate cuts fell following a robust jobs report. Global equity funds witnessed just $37.79 million worth of net purchases during the week, the smallest weekly buying since Dec. 18, 2024, as per LSEG Lipper data. Last week, investors pondered possibility that the Fed may have finished cutting rates as data from the Labor Department showed U.S. job growth accelerated in December, while the unemployment rate fell to 4.1% from 4.2% in November.
