Investors sold their positions in global equities funds due to less optimism about the Federal Reserve’s rate decrease due to strong inflation statistics.

Despite this, the MSCI World Stock Index surged to a record 761.3 on Thursday, thanks to Nvidia’s forecast of quadruple growth in first-quarter sales.

Sectoral outflows were led by financial, healthcare, and metals and mining sectors.

Money market funds had $9.69 billion in net outflows.

Energy and precious metal funds experienced net purchases and withdrawals.