Global equity fund inflows fall to $7.51 billion as tech debt worries weigh

Global equity funds saw net inflows of $7.51 billion last week, sharply lower than the previous period. U.S. equity funds posted outflows, while the technology sector recorded net outflows of $17.83 billion. Concerns that tech companies are relying too heavily on debt-fueled expansion, alongside a hawkish U.S. Federal Reserve, curbed risk appetite. Bond funds extended their streak to a 12th straight week of net inflows, while money market funds logged their largest weekly withdrawal since April 15.