Feb 16 Reuters Global equity funds racked up significant inflows in the week to Feb. 14 propelled by investor optimism amid a robust stock market rally, despite lingering uncertainties over the Federal Reserve39;s rate cut plans.

According to data from LSEG, investors acquired a net 9.12 billion worth of global equity funds during the week, marking their largest weekly net purchase since Dec. 27, 2023.

Investors raised their holdings as global stocks rallied to their twoyear peaks this week.

The MSCI world stock index overcame a 1.1 dip early in the week, driven by a higherthanexpected U.S. inflation reading, to hit a new twoyear peak of 752.55 on Friday.

The U.S. equity funds received 6.78 billion, the biggest weekly inflow in seven weeks.

Investors also purchased about 1.74 billion worth of Asian equity funds but sold European funds of a net 151 million.

Among sector funds, tech received 2.66 billion in a fifth successive week of net buying. Industrials and consumer discretionary sectors also drew about 277 million and 242 million, respectively.

Meanwhile, global bond funds garnered about 11.25 billion in net purchases, extending inflows into an eighth consecutive week.

Corporate bond funds drew 2.47 billion, the biggest inflow in four weeks, while government, and loan participation funds secured about 1.72 billion and 467 million, respectively, in net purchases.

At the same time, investors offloaded 41.48 billion worth of money market funds after two weeks of…