June 5 (Reuters) - Global equity fund inflows surged to a three-week high in the week to June 3 as a set of robust earnings in the technology sector and investor enthusiasm over the AI boom bolstered demand.
According to LSEG Lipper data, global equity funds attracted a net $21.44 billion during the week, the largest amount since May 13.
Dell and HP reported blockbuster results and rallied 42.6% and 7.1%, respectively, last week.
The tech rally lifted the MSCI World Index to a record high of 1,138.3
earlier this week.
European funds led regional inflows with a net $11.16 billion of investment during the week. U.S. and Asian funds saw net inflows of $7.43 billion and $760 million, respectively.
Investors pumped $9.02 billion into technology sector funds in their biggest weekly net purchase since May 13. The industrials, and metals and mining sectors also gained $1.61 billion and $747 million, respectively.
Global bond funds attracted $24.23 billion as inflows extended into a ninth successive week.
Dollar-denominated medium-term bond funds, short-term bond funds and high-yield bond funds attracted net inflows of $3.13 billion, $2.89 billion and $2.53 billion, respectively.
Global money market funds drew a net $159.83 billion worth of inflows, the largest weekly net purchase since January 7.
Gold and other precious metals commodity funds lost a net $1.94 billion, for a third successive weekly outflow.
In emerging markets, investors divested a net $2.42 billion worth of equity funds, a sixth successive weekly net sale. Bond funds, however, drew $787 million of net inflows, data for a combined 28,972 funds showed.
(Reporting by Gaurav Dogra; Editing by Kirsten Donovan)
