Global thematic funds see big outflows as growth stocks falter

By Patturaja Murugaboopathy (Reuters) – Global thematic funds are facing heavy outflows this year as investors’ fascination fade with such assets, most of which are closely correlated with economic growth. Investors had piled into such funds over the past couple of years as they allocated money to high-growth sectors and stocks tied to trending themes such as work-from-home, climate change and artificial intelligence. However, growth stocks have slumped this year, due to a rapid rise in interest rates around the World, and that has reduced the demand for thematic funds. According to Morningsta…

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