Jan 13 Reuters Global equity funds drew their first weekly inflow in 10 weeks in the week to Jan. 11 on hopes of easing inflation and expectations that China39;s reopening would boost global economies.

Refinitiv Lipper data showed global equity funds attracted 5.17 billion in net purchases, for their first weekly inflow since Nov. 2.

U.S. consumer prices unexpectedly fell for the first time in more than 212 years in December, amid declining prices for gasoline and other goods, suggesting that inflation was now on a sustained downward trend.

European and Asian equity funds received 7.35 billion and 1.54 billion worth of inflows, but investors exited U.S. funds worth 2.01 billion.

Equity funds focused on China accumulated 1.61 billion worth of inflows, the biggest since July 6.

Among equity sector funds, industrials, financials, and consumer discretionary saw 1.15 billion, 574 million and 479 million, respectively, in inflows. Still, tech suffered a 10th weekly outflow at 365 million.

Weekly net purchases in global bond funds, at 16.92 billion, were the highest since April 2021.

Global short and midterm, highyield, and government bond funds had inflows of 3.89 billion, 3.56 billion and 1.89 billion, respectively, but inflationprotected funds lost 480 million in outflows.

Global investors were also net buyers in money market funds for a third straight week, with net purchases worth 13.37 billion.

Data for commodity funds showed precious metals got a marginal 5…