If you’re curious — and I know you were! — global equity funds just enjoyed another week of inflows. And another weekly gain.

Stock-focused ETFs and mutual funds took in more than $20 billion over the latest reporting period, according to EPFR, running the streak to 18. MSCI’s gauge of global equities notched a solid advance this week, the second straight.

Note from the figure below that equity funds have seen just five weekly outflows this year.

The YTD cumulative inflow is now approaching $373 billion. That exceeds the YTD net inflow to US money funds, no small feat.

Stock funds have seen almost $42 billion of inflows in August alone, remarkable considering this is typically the worst month of the year for stock-fund flows.

The breakdown for the latest week showed US-focused funds took in $12.6 billion. It was the eighth straight inflow.

For 2024, US equities have seen $228 billion of inflows, and just one outflow over the past 18 weeks.

Only European and Brazilian shares have seen net outflows in 2024. Japan-focused funds have seen $16 billion of inflows, Chinese shares $83 billion and Indian equities almost $20 billion. The breakdown for overall global equity flows is $629 billion to ETFs and $255 billion from mutual funds (i.e., active-to-passive shift ongoing).

Elsewhere, IG funds ran their inflow streak to 43 while Treasurys saw a 16th straight inflow. Bank loans have suffered redemptions for a month straight and EM debt watched money exit on net for a fourth week.

Globally, another $37 billion went to money market funds last week. The three-week inflow to cash —  at more than $145 billion — is the biggest since January.